NSE feels the heat; reduces transaction fees

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NSE feels the heat; reduces transaction fees
In a move to increase wider participation of investors in the capital market trading, the National Stock Exchange (NSE) on Wednesday announced reduction in the transaction fees for its trading members allowing them to set off their annual subscription charges of Rs.1,00,000 against transaction costs.

NSE felt the heat of completion after newbie MCX-SX Ltd announced transaction charges up to 50% lower than that of NSE.

NSE charges Rs.3.25 for every Rs 1,00,000 in its cash segment. Charges come down ss the turnover goes up.

Exchange members presently are levied Rs.1 lakh p.a. towards CM Annual subscription charges to corporate members and Rs 0.50 lakh p.a. to non corporate members.

Further, an amount of Rs 1 lakh p.a. is levied as advance minimum transaction charges for the
F & O segment which is set off against transaction charges for F&O segment.

"Taking into account the member requests, and in continuation of its initiatives to optimize member costs, it has been decided to allow set off of CM Annual subscription charges against the transaction charges in the CM segment. Further, any unutilized amount at the end of the year will be carried forward to the subsequent year", NSE said in the statement.

The revised charges will be applicable from October 1, 2012.


Read more about: nse
Story first published: Thursday, September 13, 2012, 10:40 [IST]
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