Media Release

BSE Introduces New Transaction Fee Structure for
Cash Equity Segment

Effective Wednesday, October 7, 2009, BSE will introduce a new transaction fee structure for its cash equity segment.

Said Mr. Madhu Kannan, Managing Director & CEO, BSE,” With the new pricing framework coming in to place from tomorrow, we are expecting to have more order flow from Indian and International investors. This also shows our commitment to the members that we will continue to strive to provide the most efficient trading platform while bringing down the cost of transactions considerably.”

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.               
    
These 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.