Multi Commodity Exchange of India Ltd. (MCX) has announced a revision in transaction fees for futures and options contracts, effective from October 1, 2024. This change is detailed in a circular issued on the MCX website today.
The revised transaction fees are as follows:
- Futures Contracts: Rs. 2.10 per lakh of turnover value.
- Options Contracts: Rs. 41.80 per lakh of premium turnover value.
This revision follows previous circulars issued by MCX and aligns with the Securities and Exchange Board of India’s (SEBI) circular on charges levied by Market Infrastructure Institutions, ensuring transparency and fairness in transaction fees.
MCX has emphasized that members must ensure the transaction fees recovered from end clients reflect the exact amount charged by the Exchange, maintaining a “True to Label” approach.
