Tuesday, October 6, 2009

BSE reduces transaction fees in cash market

http://economictimes.indiatimes.com/markets/stocks/market-news/BSE-reduces-transaction-fees-in-cash-market/articleshow/5092202.cms

For passive orders (buy or sell), defined as orders already existing in the order book at the time of trade matching, the transaction charges will be reduced from Rs 3.50 per Rs 1-lakh turnover to Rs 2.25 per Rs 1-lakh turnover.

For active orders (buy or sell), defined as incoming orders that are matched against the passive orders, the transaction charges will be reduced from Rs 3.50 per Rs 1 lakh of turnover to Rs 3.25. Two weeks ago, NSE cut the cash market transaction fee, and now charges Rs 3-3.25 per lakh of turnover based on a slab-wise monthly turnover starting from Rs 1,250 to over Rs 15,000 crore.