BSE Revises Transaction Charges for Sensex & Bankex Options

The Bombay Stock Exchange (BSE) has announced alterations that are to affect transaction pricing for Sensex and Bankex options contracts concerning the equity derivatives section. This reformation, expected to take effect on October 1, 2024, follows the notification issued on September 27, 2024, with information about the new changes in fees for these contracts.

Revised Charges for Sensex & Bankex Options

According to the BSE circular, the new transaction fee for both Sensex Options and Bankex Options across all expiries will be Rs.3,250 per crore of premium turnover value. Notably, no changes will be made to transaction charges for other contracts within the equity derivatives segment. The charges for other segments will remain:

• Nil for index futures and stock futures
• Rs.500 per crore of premium turnover value for Sensex 50 Options and Stock Options

NSE Introduces New Transaction Charges

In parallel, the National Stock Exchange (NSE) has revised its transaction charges for both the cash and derivatives markets. Effective October 1, 2024, NSE will levy Rs.2.97 on each side per lakh of traded value in the cash market and Rs.1.73 for equity futures. For equity options, the charge will be Rs.35.03 per lakh of premium value.

Additionally, in the currency derivatives segment, NSE will impose Rs.0.35 per lakh of traded value for currency futures and Rs.31.10 for currency options.

Implications

These adjustments align with the Securities and Exchange Board of India’s (SEBI) directive issued on July 1, 2024, requiring all market infrastructure institutions (MIIs) to implement a uniform fee structure with an aim to eliminate disparities between what brokerages charge clients and the fees paid to exchanges.

Conclusion: With these revised charges, BSE and NSE aim to streamline their fee structures and keep compliance with regulatory directives in check. The updates, especially in the derivatives segment, signal further changes in India’s trading picture as exchanges adjust to new norms.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.