| |
Effective Wednesday, October 7, 2009, BSE will introduce a new transaction fee structure for its cash equity segment. The new structure will have two components:
a) For Passive Orders, defined as the orders already existing in the order book at the time of matching (trade taking place), the transaction charges will be reduced from Rs. 3.50 per Rs. 1,00,000 to Rs. 2.25 per Rs. 1,00,000 of gross turnover.
b) For Active Orders, defined as incoming orders that are matched against the passive orders at the time of matching (trade taking place), the transaction charges will be reduced from Rs. 3.50 per Rs. 1,00,000 to Rs. 3.25 per Rs. 1,00,000 of gross turnover.
The transaction charges above will include current contributions of Rs. 0.01 each on Rs. 1,00,000 of gross turnover to the Trade Guarantee Fund and Investor Protection Fund. The differential transactions charges shall be applied uniformly across all valid orders executed in the BSE system.
Example:
Time 1 |
Bid Qty |
Bid Price |
Offer Qty |
Offer Price |
Passive Order |
Active Order |
Transaction Charges (Rs./1,00,000) |
|
|
|
|
|
|
|
|
10.00.01 |
500 |
1002 |
- |
- |
√ |
|
2.25 |
10.01.05 |
|
|
1000 |
1002 |
|
√ |
3.25 |
|
|
|
|
|
|
|
|
10.01.05 |
Trade at 1002 for 500 shares |
|
|
|
|
|
|
|
|
10.01.05 |
|
|
500 |
1002 |
√ |
|
2.25 |
10.02.00 |
300 |
1002 |
|
|
|
√ |
3.25 |
|
|
|
|
|
|
|
|
10.02.00 |
Trade at 1002 for 300 shares |
For any further information or assistance in this regard, please contact your Relationship Manager or email us at bdm@bseindia.com.
Notes
1. Time stamp reference is to the time assigned by the BSE system, and not order entry time by the Member.
Frequently Asked Questions on New Transaction Fee Structure
|