BSE introduces new strategy, investors may benefit too
DSIJ Intelligence / 04 Apr 2017
Under this newly introduced arrangement, the Exchange has now started to charge only Rs 1 per trade for up to 5 lakh transactions in a month. The charges will be 70 paise for 5-10 lakh transactions per month and 60 paise for 10-20 lakh transactions monthly.
Known for its being tech-savvy and also the fastest one in the country, Bombay Stock Exchange (BSE), to attract bigger deals has started charging transaction fee on a per trade basis from this Monday. Earlier BSE used to charge an amount of Rs 275 per crore on a gross turnover of Rs 1 crore.
Under this newly introduced arrangement, the Exchange has now started to charge only Rs 1 per trade for up to 5 lakh transactions in a month. The charges will be 70 paise for 5-10 lakh transactions per month and 60 paise for 10-20 lakh transactions monthly. BSE will charge 30 paise for over 40 lakh transactions in a given month.
However, in currency derivatives segment, it has been levying flat transaction charge of Rs 10 per crore (turnover) on active as well as passive trades.
BSE expects this move to attract more bulk deals.
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