Bombay Stock Exchange (BSE) will start charging transaction fee on per trade basis, as a new attempt to attract bulk deals. Earlier the exchange used to charge Rs. 275.00 per crore on gross turnover of Rs. 1.00 crore.
Now, BSE will be charging Re 1 per trade for up to 5.00 lakh transactions in a month. The charges will be 70 paise for 5 to 10 lakh transactions in a month and 60 paise for 10 to 20 lakh transactions and 30 paise for over 40 lakh transactions in a given month.
However, In the currency derivatives division, BSE will be charging flat transaction charge of Rs. 10 per crore (turnover) on active and passive trades.
The start up is expected to attract bigger deals in a bid to increase the volumes for the Exchange. It is expected that this move will bring in both the revenues and the margins for the BSE.
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