Under the new guideline by SEBI for all the trades in proprietary capacity, stock brokers will have to undertake at least _____  of their total secondary market trades by value in corporate bonds in that month by placing quotes through one-to-one or one-to-many mode on the Request for Quote platform of stock exchanges from July 1.

SEBI has come out with guidelines for transactions in corporate bonds through Request for Quote (RFQ) platform by stock brokers in order to increase liquidity on the platform.For all the trades in proprietary capacity, stock brokers will have to undertake at least 10 percent of their total secondary market trades by value in corporate bonds in that month by placing quotes through one-to-one or one-to-many mode on the RFQ platform of stock exchanges from July 1, and further, the percentage will increase to 25 per cent from April next year.