BSE circular on Designated Market Maker (DMM) framework for Index Derivatives contracts in Equity Derivatives Segment
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Highlights of the Circular
Exchange, vide notice no. 20260415-34 dated April 15, 2026, informed market participants about the introduction of Futures and Options contracts on the BSE Focused IT Index.
In this regard, trading members are requested to note that the Exchange will introduce Designated Market Maker (DMM) framework on BSE Focused IT Futures and Options contracts starting Monday, May 11, 2026.
Additionally, in continuation to the exchange notice no. 20240514-41 dated May 14, 2024, trading members are requested to note that the Exchange has made partial modification in the market maker framework for BSE Bankex Options contracts with effect from Monday, May 11, 2026, to extend designated market maker support to all three-serial monthly Bankex Options contracts on all trading days.
Trading members desirous of acting as market makers in BSE Focused IT Futures and Options contracts, and BSE Bankex Options contracts may submit their applications through the BEFS portal on or before May 08, 2026, with registration becoming effective from May 11, 2026, onwards.
Trading members are requested to refer to the attached Annexure-1 for detailed guidelines on Designated Market Maker (DMM) Framework for Index Derivatives contracts.