Winning Bizness Desk

Mumbai. The Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) are set to implement new transaction fee structures across various segments, effective October 1, 2024. The BSE has announced updated fees for its derivatives market, including Currency Future Contracts and Sensex and Bankex Options. The revised charges will be Rs 3,250 per crore of premium turnover. However, fees for equity derivatives such as Sensex 50 and Stock Options will remain at Rs 500 per crore of premium turnover. Additionally, index and stock futures will continue to have zero transaction fees, maintaining cost-free trading for those contracts.

Fee of Rs 2.97 per lakh of traded value

Similarly, the NSE is revising transaction fees across its cash and derivatives segments. The cash market will see a fee of Rs 2.97 per lakh of traded value per transaction side, while equity futures will be charged Rs 1.73 per lakh of traded value. Equity options will incur a fee of Rs 35.03 per lakh of premium value on both sides, and currency futures will have a nominal fee of Rs 0.35 per lakh. Moreover, currency and interest rate options will attract a fee of Rs 31.10 per lakh of premium turnover.

Changes align with SEBI directives

These changes align with the Securities and Exchange Board of India's (SEBI) directive from July 1, 2024, which mandates standardised fee structures for Market Infrastructure Institutions (MIIs). SEBI's initiative aims to eliminate volume-based pricing advantages and ensure that transaction fees charged to clients exactly match what is paid to the MIIs, promoting transparency and fairness in the market.