The Hindu Business Line : BSE to cut transaction fee in cash segment

The transaction charges have been reduced from Rs 3.50 per Rs 1 lakh to Rs 2.25 per Rs 1 lakh of gross turnover for passive orders defined as the orders already existing in the order book at the time of matching (trade taking place), a BSE release said. For active orders, defined as incoming orders that are matched against the passive orders at the time of matching trade, the transaction charges have been reduced to Rs 3.25 per Rs 1 lakh from Rs 3.50.

Announcing the introduction of the new transaction fee structure the BSE’s Managing Director and Chief Executive Officer, Mr Madhu Kanan, said, “With the new pricing framework coming into place, we are expecting to have more order flow from Indian and international investors.”

BSE’s cash market turnover trails NSE’s turnover by a huge margin, and BSE’s latest move is to shore up their cash market turnover, a broker said. On Monday, BSE’s turnover was Rs 5,369.40 crore as compared with NSE’s Rs 18,347.14 crore

These transaction charges will include contributions of Rs 0.01 each on Rs 1 lakh of gross turnover to the Trade Guarantee Fund and Investor Protection Fund.

NSE last month waived transaction charges payable in respect of the trades emanating for all the segments of the exchange from the semi urban and rural locations. NSE had cut the transaction charges to Rs 3-3.25 per lakh of traded value on a slab basis from Rs 3.5 per lakh.

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