MUMBAI: Looking to bring in more liquidity in derivatives , leading stock exchange NSE has significantly lowered transaction charges in equity options and currency derivatives.Trading members will now have to pay a flat Rs 2,500 transaction fee for a month on a billable monthly turnover or premium value of up to Rs 3 crore in equity options.The move follows changes in transaction charges by rival BSE, which has started charging on per trade basis in certain segments. Besides, the BSE has been gaining market share in the currency derivatives space.Furthermore, the NSE has introduced a slab-based structure for turnover above Rs 3 crore. "The reduction in the transactions charges in response to feedback from markets will encourage more participation and is very inclusive as it would benefit both small and large investors and members," an NSE spokesperson told PTI. "This reduction will make Indian markets more competitive and would encourage wider participation, thereby infusing more liquidity. As trade value rises above Rs 50 crore, the transaction fee is lowered by Rs 500 for each slab.

Source: Economic Times April 09, 2017 06:57 UTC