MCX Stock Exchange (MCX-SX), on Tuesday, said it would introduce incentive schemes for brokers and intermediaries to enhance liquidity in illiquid securities in the equity and derivatives segments from next month.

“MCX-SX will introduce the liquidity enhancement scheme (LES) in equity and equity derivatives segments with effect from March 6, ,” the stock exchange said in a statement. This is the first national exchange in the country to offer incentives for liquidity enhancement in the equity cash market, it added.

Under the scheme, brokers and other market intermediaries are given incentives for a specified period of time to bring in liquidity and generate investor interest in those securities which have limited trading activity.

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