 "NSE to lower transaction charges for derivatives on Nifty IT")
To encourage participation, National Stock Exchange (NSE) has introduced discounts of up to 35% in transaction charges for trading in its derivatives contracts of Nifty IT segment.
The move is expected to bring more liquidity in the index.
The NSE's discounts of 25-35% in transaction charges would be applicable from May 1 and continue for three months as of now.
"In order to encourage active participation in derivatives contracts of Nifty IT, it has been decided to provide transaction incentive scheme for derivatives on Nifty IT... The incentive scheme will be effective for the period of three months from May 1 to July 31, 2016," NSE said in a circular.
The exchange will give a flat concession of 25% in the transaction charges levied on futures segment having monthly turnover of Rs 100 crore, while the discount will be 35% for turnover of over Rs 100 crore.
In options segment, NSE will provide a discount of 25% in the transaction charges levied on the Premium value of up to Rs 10 crore in a month and 35% on above Rs 10 crore.
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