Team Blitz India
Stock market operator Bombay Stock Exchange (BSE), announced last week that it will raise transaction charges for its two leading options contracts, linked to the Sensex and Bankex indexes, starting May 13.
BSE has decided to raise charges from 24 per cent to 32 per cent across different turnover brackets. This decision follows request from market regulator Securities and Exchange Board of India (Sebi) for a revised fee structure for options contracts, potentially impacting the exchange’s earnings. BSE anticipates SEBI’s total demand to amount to ₹1.65 billion.
The existing transaction fees for S&P BSE Sensex options and S&P BSE Bankex options will remain applicable from May 1 to May 10. Between May 13 and May 31, the premium turnover of these contracts will be aggregated, and transaction charges will be imposed according to the slab, calculated on an incremental turnover basis.
Starting from June, premium turnover will continue to be aggregated, and transaction charges will be applied based on the slab, determined by the month-on-month incremental turnover. The market regulator Sebi recently asked BSE to remit regulatory fees based on notional turnover rather than premium turnover.
