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Tuesday, October 06, 2009

BSE cuts transaction fee in cash market

The new transaction fee will be effective from 7 October 2009

The Bombay Stock Exchange (BSE) on Monday, 5 October 2009 reduced its transaction fees for the cash equity segment, matching National Stock Exchange's similar change earlier.

BSE said the transaction charges will be reduced from Rs 3.50 per Rs 1 lakh of trade to Rs 2.25 per Rs 1 lakh for passive orders. For active orders, the reduction is less from Rs 3.50 per to Rs 3.25 per lakh of trade. The new charges will come into effect from 7 October 2009. BSE has not revised its transaction fees for derivatives, in which its share is virtually nil. NSE had in September cut transaction charges by around 10% in the cash and futures segments.

Passive orders are defined as those already existing in the order book at the time of trade while active ones are fresh orders for buying or selling of stocks.

The BSE's transaction charges will continue to include 1 paise on every Rs 1 lakh of gross turnover for the trade guarantee fund and the investor protection fund.

With the new pricing framework coming into place BSE is expecting more order flow from Indian and international investors.

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