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Wednesday 19 October 2016

Fair Usage Charges to be levied on members for BSE Equity, Equity Derivatives and Currency Derivatives Segments

Trading members are hereby informed that Exchange shall levy ‘Fair Usage Charges’ in the BSE Equity, Equity Derivatives and Currency Derivatives Segments w.e.f November 01, 2016. The details of the charges are as follows:
  Slab
Execution Efficiency %
Fair Usage Charges per order * (in Rs)
1
Greater than or equal to 90%
NIL
2
Greater than or equal to 70% but less than 90%
0.0025
3
Greater than or equal to 50% but less than 70%
0.0050
4
Less than 50%
0.0075

*Exclusive of applicable taxes
Note:
1.       Execution Efficiency % = (Total number of trades executed by trading member  /  Total number of orders placed by trading member beyond the first 10 price levels) * 100.

2.       For the computation of ‘Execution Efficiency %’,
a.       All trades executed by a trading member across all instruments in a BSE trading segment will be considered.
b.      All active orders which are entered with a price beyond the first 10 price levels prevailing at the time of entry in the order book of a given instrument shall be considered.
c.       If an order at the time of entry in the market is within the first 10 price levels but later loses its price priority and is positioned beyond the first 10 price levels then it shall not be considered.
d.      Every order modification resulting in the order price to move beyond the first 10 price levels shall be considered.

3.       Charges shall be computed on a daily basis per segment for all trading members. Sum of daily charges shall be debited to the respective members at the end of a calendar month only if the amount is equal to or greater than INR 100 per segment for a particular month.


4.       The ‘Fair Usage Charges’ shall be computed separately for BSE Equity, Equity Derivatives and Currency Derivatives Segments for all members.

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