Rajandran R Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in and Co-Creator of Algomojo (Algorithmic Trading Platform for DIY Traders)

BSE to Levy Transaction Charges for Currency Derivatives

43 sec read

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

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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 Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in and Co-Creator of Algomojo (Algorithmic Trading Platform for DIY Traders)

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