The National Stock Exchange of India (NSE) has announced a revision in transaction charges for trading members. The changes, which come into effect from October 1, 2024, are aimed at ensuring uniformity and transparency in fees levied by Market Infrastructure Institutions (MIIs).
The updated transaction charges are as follows:
- Cash Market: Rs. 2.97 each side per lakh of traded value
- Equity Futures: Rs. 1.73 each side per lakh of traded value
- Equity Options: Rs. 35.03 each side per lakh of premium value
- Currency Futures: Rs. 0.35 each side per lakh of traded value
- Currency Options and Interest Rate Options: Rs. 31.10 each side per lakh of premium value
The revision follows SEBI’s directive that the charges should be uniform for all trading members and ensure that charges recovered from end clients are consistent with those levied on trading members by the MIIs. The updated fee structure replaces the slab-wise system previously in place, which depended on trading volume.
Trading members are required to comply with this new structure and ensure the charges are accurately reflected for clients, said the exchange in a circular today.
Earlier today, BSE also announced revisions in transaction charges for futures contracts in the currency derivatives segment, as well as for Sensex and Bankex options contracts in the equity derivatives segment. These changes are set to take effect from October 1, 2024.
On September 24, even Multi Commodity Exchange of India Ltd. (MCX) announced a revision in transaction fees for futures and options contracts, effective from October 1, 2024.
