Stock Exchanges to Revise Transaction Fees for Cash and F&O Trading from October 1

New Delhi: In accordance with the directives of the Securities and Exchange Board of India (SEBI), the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) have announced changes to transaction fees for cash and Futures & Options (F&O) trading. The revised transaction fees will come into effect from October 1. SEBI has mandated that all members of Market Infrastructure Institutions (MIIs), including stock exchanges, implement a uniform fee structure.

In a circular issued in July, SEBI directed that MIIs should have a standard fee structure for all members, replacing the existing volume-based slab system. Additionally, SEBI emphasized that there must be parity between the charges collected from clients by trading members and those paid to MIIs by trading members, to ensure transparency in the trading process.

Both BSE and NSE issued separate circulars outlining the upcoming changes in transaction fees. According to BSE, the transaction fee for equity derivatives in the Sensex and Bankex options contracts will be revised to ₹3,250 per crore of premium turnover. However, no changes will be made to the transaction fees for other contracts in the equity derivatives segment. Currently, BSE charges ₹500 per crore of premium turnover for Sensex 50 options and stock options, while no transaction fees are applied for index and stock futures contracts.

Similarly, NSE has announced a new fee structure for the cash market, setting the transaction fee at ₹2.97 per lakh of traded value. For equity futures, the fee will be ₹1.73 per lakh of traded value, and for equity options, ₹35.03 per lakh of premium value. In the currency derivatives segment, the transaction fee for futures will be ₹0.35 per lakh of traded value, while for interest rate options and other options, the fee will be ₹31.10 per lakh of premium value.

These changes come as part of SEBI's efforts to promote transparency and uniformity in the financial markets.