BSE, NSE Set New Transaction Fee Structures Starting October 1

The National Stock Exchange has rolled out revised transaction charges across various segments. For the cash market, the new fee is Rs 2.97 per lakh of traded value for each side of the transaction

The Bombay Stock Exchange (BSE) has adjusted its transaction fees for Currency Future Contracts, as well as for Sensex and Bankex Options within the derivatives segment. Beginning on October 1, 2024, the updated fee structure will charge Rs 3,250 for every crore of premium turnover. This change reflects the BSE's ongoing efforts to refine its pricing model in the derivatives market.

Apart from the recent changes, the transaction charges for contracts in the equity derivatives segment will remain the same. Specifically, for Sensex 50 options and stock options, the Bombay Stock Exchange (BSE) continues to impose a fee of Rs 500 for every crore of premium turnover. Additionally, it is noteworthy that there are no transaction fees associated with index futures and stock futures, maintaining a cost-free approach for those specific contracts.

Similarly, the National Stock Exchange (NSE) has rolled out revised transaction charges across various segments. For the cash market, the new fee is Rs 2.97 per lakh of traded value for each side of the transaction. This update reflects the NSE's ongoing adjustments to its fee structure.

Equity futures have a transaction fee of Rs 1.73 per lakh of traded value for each side of the trade. Equity options have a fee of Rs 35.03 per lakh of premium value applicable to both sides of the transaction. In the case of currency futures, the charge is Rs 0.35 per lakh of traded value. Additionally, both currency and interest rate options will incur a fee of Rs 31.10 per lakh of premium value on each side.

These adjustments follow a circular from the Securities and Exchange Board of India (SEBI) issued on July 1, 2024. The circular directed Market Infrastructure Institutions (MIIs) to adopt a standardised and equitable fee structure for all members, moving away from the previous volume-based slab system.

Furthermore, SEBI has mandated that the fees charged by trading members to their clients must be "True to Label." This means that the amount collected from clients must precisely match what is paid to Market Infrastructure Institutions (MIIs). This directive is designed to standardise fee structures, removing any advantages based on size or trading activity among members while promoting greater client transparency.