Why New Clearing charges on FNO?

[ripusingla]

Thank you @nithin

I will skip to name the broker at this point because we are negotiating on the clearing charges.

Brokerage is not entirely 0, we pay fixed brokerage per month

so for the month of march 2023 for above data, we did pay 1.8L brokerage (1.5 * 1.18) but that’s ok as it wouldn’t scale linearly with increased premium turnover and capital.

Thank you.

[nithin]

@Tharun_Iyer_M

That bit is changed to Brokers who require third-party clearing members to clear the trades charge between ₹200 to ₹2,000 per crore or between 0.002% to 0.02% of the option premium. in the article What are clearing charges, and is there any at Zerodha?

Maybe update the 0.002 to 0.02% once @mohitmehra figures the actual market rates on this now. It was this many years back.