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NSE extends currency derivative concession scheme till Dec 31

Press Trust of India  |  New Delhi 

The (NSE) has extended its concession scheme 'MORE' in the charges for the currency derivative segment till December 31.

Earlier, the scheme was available for a period of three months from July 1 to September 30, and was further extended till November 30.

"Based on the positive market feedback and without prejudice to our rights and contentions in the legal proceedings, it has been decided to extend the same for a further period of one month from December 1 to December 31, 2016," said in a circular.

The scheme will be applicable for only near month and second month Currency Futures and Currency Options.

MORE scheme rewards trading members for maintaining high degree of governance standards on a continuous basis as they contribute to the overall integrity, growth and development of markets.

Under the scheme, charges for members for trades done in the currency futures would be Rs 1.10 per lakh of traded value, while the same would be Rs 40 per lakh of premium traded value in currency options.

Members who have not registered till date and intend to start availing the benefits under the scheme will have to register by December 15.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, December 01 2016. 15:22 IST