Cnc stocks and mis stocks

[Prayag]

This is possible due to Interoperability among Clearing Corporations directive from SEBI -

@VenuMadhav

Come July 01, the above trade will result in an Intraday position with buy in NSE netting off the sell in BSE. [Although IO kicks in on July 01, Thomson Reuters (TR), our OMS/RMS vendor isn’t still ready with this, would take upto 3 months). So on 1st July if a client buys 10 shares of Reliance on NSE (CNC) and sells 10 shares of Reliance on BSE (CNC) (provided he has holdings already), although the front end would show up as 2 trades, in the backoffice we would net off these trades and no delivery position is created. All charges as applicable to Intraday trade is applied. So STT essentially would only be charged @ 0.025% on the sell leg of the transaction.