Mumbai : BSE and NSE made changes to their transaction fees for cash and futures and options trades following Sebi's directive for a standard flat fee structure for all market infrastructure institution members. The exchanges stated in individual circulars that the new rates will come into effect starting from October 1. BSE has updated the charges for trading Sensex and Bankex options contracts in the equity derivatives section to Rs 3,250 per crore of premium turnover. Nonetheless, the transaction fees for different contracts in the equity derivatives sector stay the same.
BSE imposes a transaction fee of Rs 500 per crore of premium turnover for Sensex 50 options and stock options, while no transaction fee is charged for index and stock futures. As per NSE, the charge for the cash market transaction is set at Rs 2.97 for every lakh of traded value. The charge for equity futures is Rs 1.73 per lakh of traded value, and for equity options, it is Rs 35.03 per lakh of premium value.
Futures will have a charge of Rs 0.35 per lakh of traded value in the currency derivatives segment, while options, including interest rate options, will incur a fee of Rs 31.10 per lakh of premium value. This was subsequent to Sebi issuing a circular in July about fees Market Infrastructure Institutions levy. The circular requires MIIs to implement a consistent fee structure for all members, eliminating the current tiered system based on volume. Moreover, it also stated that the fees collected by trading members from their clients should be in line with the fees they are charged by MIIs, guaranteeing transparency.
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