Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

BSE to Levy Transaction Charges for Currency Derivatives

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BSE in its latest circular stated that it will start levy Transactional Charges for Currency Derivatives(Futures and Option Contracts).The charges will be increased in a phased manner from Rs2 per crore from 1 December to Rs10 from 1 October, 2015.

BSE Currency Trading

 
The charges for currency derivatives would be Rs 2 per crore of turnover for two months from December 1, 2014 to January 31, 2015, and would increase to Rs 4 for the next two months. It would further rise to Rs 6 from April 1, 2015 for two months, then to Rs 8 for next two months and finally to Rs 10 with effect from October 1, 2015.

Currently NSE and MCX-SX is charging Rs100-115 per crore of turnover in currency futures segment in four different slabs.For currency options, the NSE charges are Rs 30-40 for every Rs one lakh of premium value in three slabs.

The BSE launched its currency derivatives platform in November 2013 and has not levied any transaction fees for these trades since then. In its circular dated March 21, 2014 BSE had waived of transaction charges on currency derivative trades till November 30, 2014 and interest rate derivatives trades till January 31, 2015.

NSE and MCX-SX began charging these trades in August 2011 after an order from the fair trade regulator Competition Commission of India (CCI).

Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

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