The National Stock Exchange (NSE) has extended the discount of up to 40 per cent in transaction charges for trading in its equity options segment for three months till March 31, a move that will help bring in more liquidity in the segment.
The decision has been taken after receiving feedback from market participants.
In June, the exchange had revised the transaction charges in the equity options segment for three months from July 1 to September 30 and had extended the same for a further three months till December 31.
In equity options, the bourse had given a flat concession of 40 per cent on the transaction charges levied on the incremental billable volume, or premium value, above Rs 1,500 crore in a month for three months ending December 31.
Further, a concession of 20 per cent was given on turnover ranging from Rs 750 crore to Rs 1,500 and 10 per cent on turnover between Rs 500 crore and Rs 750 crore.
“Based on the positive market feedback, it has been decided to extend the same for a further period of three months from January 1, 2017 to March 31, 2017,” NSE said in a circular.
The move is part of NSE’s efforts to improve the liquidity in the equity options segment.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.