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Tuesday, September 08, 2009

NSE slashes transaction charges by 10%

The exchange to levy 'system abuse charge' in F&O segment

The National Stock Exchange on Monday, 7 September 2009, said the transaction charges would be lower by about 10% in cash and derivatives segments from 1 October 2009. Currently, the exchange levies a transaction charge of Rs 3.50 per Rs one lakh of traded value, on the 'buy' as well as 'sell' side. From 1 October 2009, the charges — on a slab basis — will be in the range of Rs 3-3.25 per lakh of traded value.

In the F&O segment, transaction charges are currently Rs 2 per lakh (0.002%) of traded value. This has been reduced to Rs 1.75-1.90 per lakh of the traded value from 1 October 2009.

For the first time, the exchange is proposing to levy 'system abuse charge' in the Futures & Options (F&O) category from 1 October 2009. The move is to serve as a deterrent for trading members from punching large non-serious trade orders which clog the system and delays order placement and execution for other trading member.

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