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MARKET PULSE 

FEB-2018

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written approval of LankaBangla Securities Limited.

Stock Index Futures

Market Making Obligation

Provision of Continuous Quotes (CQ)

Response to Quote Requests (QR)

Assigned Contract

Not less than 2 contract months  
[i.e. Spot month and the next calendar month]

All contract months 

Trading Requirement

Provision of CQ for not less than 70% of the trading 
hours in each calendar month

Response to not less than 70% of the QR in each 
calendar month 

Maximum Time Limit for Responding to 
QR

N/A

Response to a QR within 20 seconds of the QR

Minimum Display Time

Not fewer than 10 seconds, unless a change in the level of the underlying index occurs during the 10 seconds 
display period, in which case, market makers may change their quotes

Maximum Bid/Offer Spread

Not greater than 15 minimum fluctuations 

Minimum Quote Size

Not fewer than 5 contracts

Sector Index Futures

Market Making Obligation

Provision of Continuous Quotes (CQ)

Response to Quote Requests (QR)

Assigned Contract

Not less than 2 contract months  
[i.e. Spot month and the next calendar month]

All contract months 

Trading Requirement

Provision of CQ for not less than 70% of the trading 
hours in each calendar month

Response to not less than 70% of the QR in each 
calendar month 

Maximum Time Limit for Responding to 
QR

N/A

Response to a QR within 20 seconds of the QR

Minimum Display Time

Not fewer than 10 seconds, unless a change in the level of the underlying index occurs during the 10 seconds 
display period, in which case, market makers may change their quotes

Maximum Bid/Offer Spread

Hang Seng Mainland Oil & Gas Index Futures        4  Index points or 0.2% of bid price, whichever is higher
Hang Seng Mainland Banks Index Futures               6  Index points or 0.2% of bid price, whichever is higher
Hang Seng Mainland Properties Index Futures        7  Index points or 0.2% of bid price, whichever is higher
Hang Seng Mainland Healthcare Index Futures        8  Index points or 0.2% of bid price, whichever is higher
Hang Seng IT Hardware Index Futures                       6  Index points or 0.2% of bid price, whichever is higher
Hang Seng Software & Services Index Futures      11 Index points or 0.2% of bid price, whichever is higher
CES Gaming Top 10 Index Futures                         13 Index points or 0.2% of bid price, whichever is higher

Minimum Quote Size

Not fewer than 5 contracts