Sensex f&o charges hike

From 1nov 2023 sensex f&o transaction charging was increased to some extent ! Correctly how much it was increased ?
Now Nse and bse f&o transaction charges are same?
@nithin #futures-options

Transaction charges shall be levied based on the slab on the Incremental turnover basis for nearest expiry contracts only

For other expiry contracts: the charges remain the same. ( Rs. 500 per crore ~ 0.005%)

What is the nearest expiry contract?

You can check the below table to understand the concept

Instrument Underlying Asset Trade Date Expiry Date Contract Classification Transaction Charge Applicable
Index Options SENSEX 01-Nov-23 03-Nov-23 Nearest / Immediate Expiry Contracts Revised Transaction charges as mentioned in the circular
01-Nov-23 10-Nov-23 Other Expiry Contracts No Changes
01-Nov-23 17-Nov-23 Other Expiry Contracts No Changes
Index Options SENSEX 02-Nov-23 03-Nov-23 Nearest/ Immediate Expiry contracts Revised Transaction charges as mentioned in the circular
02-Nov-23 10-Nov-23 Other Expiry Contracts No Changes
02-Nov-23 17-Nov-23 Other Expiry contracts No Changes
Index Options SENSEX 03-Nov-23 03-Nov-23 Nearest / Immediate Expiry contracts Revised Transaction charges as mentioned in the circular
03-Nov-23 10-Nov-23 Other Expiry contracts No Changes
03-Nov-23 17-Nov-23 Other Expiry contracts No Changes
Index Options SENSEX 06-Nov-23 10-Nov-23 Nearest / Immediate Expiry Contracts Revised Transaction charges as mentioned in the circular

For NSE, charges are Rs. 5000/ per crore (~ 0.05%)

While, BSE now has two rates:

  • Nearest expiry contracts - Rs. 3750/ crore (~ 0.0375%)

  • Other expiry contracts - Rs. 500/ per crore (~ 0.005%)

You can check the BSE Circular here : Notice Number

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Thanks for explaining clearly :slightly_smiling_face:

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@MohammedFaisal can you introduce option chain dropdown on BANKEX also. Since the volumes are picking up(last expiry around 1.3Cr volume), when you will introduce market order?

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Option chain is visible on Web, we’ll push it to the app on the next release (this month).

We are streamlining a process that auto-allows market orders for all index options if the OI of the contract is more than 500 lots (signifying liquidity), this will be live by next weekend