On Nov. 9, BHR EXC launched trading incentives scheme for rebates.
BHR EXC launched Trading incentives scheme, for market participants (market makers, liquidity providers, brokers, to gain rebates for market makers and liquidity providers.
Follows BHR EXC Oct. 2024, outlined listing inventive program launch, see #229995.
Summary
Is an objective of the Financial services sector development strategy (2022-2026).
Developed to incentivize increased trade volume and stimulate further market liquidity, allowing market makers up to 60% rebate on trading commissions for listed securities.
Aligns with the recently launched Listing incentives program, and aims to support new Market making and Liquidity provision guidelines as it attracts new market participants.
Effectiveness
Further details on implementation will be announced one month before the scheme goes live and it is expected to be effective starting from Jan. 1, 2025.
Jan. 2, 2025 Incentive Scheme Launch
On Jan. 2, 2025, BHR EXC announced the launch of Comprehensive Trading Incentive Scheme, which comes into effect on Feb. 2, 2025, providing range of tailored benefits to support participants and incentivize market makers, liquidity providers and brokers.
This scheme aims to enhance market participation, drive liquidity, foster engagement among brokers, market makers, and liquidity providers through incentive mechanisms.
The objective of the Trading Incentives Scheme is to provide range of tailored benefits to support market participants and incentivize market makers, liquidity providers, and other brokers to increase the volume of trades executed via BHR EXC business rules.
New on-boarded members providing online connectivity will benefit from 20% discount on registration fees and 100% discount on annual subscription fees for first 2 years.
Additionally, market makers and liquidity providers will benefit from a rebate structure linked to order presence time in the market, with those maintaining orders presence between 60% and 80% of time for each security receiving 50% rebate on commission.
