All,
I am trying to find out the costs involved in becoming a member on the NSE to trade futures and well as equities. Does any body know how?
1) Is there any such thing as buying or leasing a seat? If so how much does it cost to buy? or lease?
2) What are the benefits of being a member on the NSE? If a trader is doing lots of volume, then can the cost of leasing or owning a seat be justified? I am trying to find out, at what point (i.e. the break even point) should a trader consider owning a seat on the NSE?
3) Is it true that if you are a member then you essentially trade for free? I mean, then there is no such thing as paying 0.03 paisa per share or any thing like that. Moreover, if you become a clearing member, then you can also place trade for others? Can some one enlighten me on this matter?
Thanks to all.
Rgs,
Traderwiz
I am trying to find out the costs involved in becoming a member on the NSE to trade futures and well as equities. Does any body know how?
1) Is there any such thing as buying or leasing a seat? If so how much does it cost to buy? or lease?
2) What are the benefits of being a member on the NSE? If a trader is doing lots of volume, then can the cost of leasing or owning a seat be justified? I am trying to find out, at what point (i.e. the break even point) should a trader consider owning a seat on the NSE?
3) Is it true that if you are a member then you essentially trade for free? I mean, then there is no such thing as paying 0.03 paisa per share or any thing like that. Moreover, if you become a clearing member, then you can also place trade for others? Can some one enlighten me on this matter?
Thanks to all.
Rgs,
Traderwiz