BSE changed transaction charges for currency derivatives

Key stock exchange Bombay Stock Exchange(BSE) has decided  for all trades done in currency futures and options contracts to enforce transaction charge in a phase manner from month of November 2016.

The Bombay Stock exchange has increased the transaction charge from Rs.10 per crore transaction fee was imposed on such contracts to Rs.12 per Rs.1 crore of return on both active and passive trades done on its currency future contracts.

BSE had last started its currency derivatives platform in November 2013 and did not charge any transaction fee for trades done on this segment for almost a year. But, since December 2014 it began charging for currency derivatives.

The Bombay Stock Exchange (BSE) was Established in 1875, the BSE is Asia’s first stock exchange,  located at Dalal Street, Kala Ghoda, Mumbai (formerly Bombay), Maharashtra, India.