GoodNews for Options traders.

wcnw · #31 19th January 2007, 05:39 PM

Hi neo,
Though I have not tried these options - you can log a complaint with SEBI on their site at

http://www.sebi.gov.in/Index.jsp?con...&sub_sec_id=38

http://www.sebi.gov.in/Complaint7.jsp
http://www.sebi.gov.in/Complaint10.jsp

Unfortunately, the URL does not support feature to upload a file else you could have send a snapshot of your trading statement

Before complaining, you should transfer all your stocks + cash to a new broker.. You never know - they may withhold your transfer with some reasons like signature mismatch or so.

rajib333 · #32 19th January 2007, 08:43 PM

hi, i am now trading with religare and with a
2-paisa brokerage commitment. but on the contract note
on option it seems that they are obeying the circular.

for security reason i am posting part of the contract note.
Sir / Madam,
I/We have this day done by your order and on your account the following transactions:

Kind of Security=NIFTY 4000.00 PO 25/01
Sold Qty=100
Gross Rate=11.8500
Gross Total=1185.00
Brokerage=28.44
Service Tax=3.48
STT Amount=68.00
Opt. Vol Chgs.=0.05
Debit Total=71.53 +28.44
NET CR =1085.03

Thank you,
Rajib.

swagat86 · #33 19th January 2007, 10:36 PM

Thst nice im dead sure others will follow soon tooo. Becs its a deadly competetive market now. LEts c

TY

neo · #34 24th January 2007, 01:25 AM

Thanks wcnw,
These links would be very helpful..

Meanwhile I already have applied for Reliance money account.. And As of now I have stopped using the kotak account.. As Swagat said, Darwin's Law of nature prevails, "Survival of the Fittest". And Surely Kotak is not fittest.

Neo

uasish · #35 24th January 2007, 08:41 AM

Hi,
I normally trade in PIB but i also have a Infoline TT a/c.Infoline has sent a circular compling with the Circular.Check with them.
Asish

rajib333 · #36 24th January 2007, 11:44 AM

Asish. i also have got the cicular through their rm.

there will be 2.5% or Rs100 whichever is higher.
so, for any option trade through them will attract a
minimum brokerage of rs 100.

Rajib.

swagat86 · #37 24th January 2007, 12:50 PM

Quote:

Originally Posted by rajib333

Asish. i also have got the cicular through their rm.

there will be 2.5% or Rs100 whichever is higher.
so, for any option trade through them will attract a
minimum brokerage of rs 100.

Rajib.

One leg ryt???
And what is STT charged on????

rajib333 · #38 24th January 2007, 06:38 PM

swagat,
it is only brokerage on one leg, others charges are extra.

btw, i just got an e-mail frm icicidirect, they also have
changed brokerage on options.
it will be calculated as 1% or Rs 100 whichever is
higher on each leg, stt & taxes extra.
Rajib.

swagat86 · #39 24th January 2007, 06:55 PM

Quote:

Originally Posted by rajib333

swagat,
it is only brokerage on one leg, others charges are extra.

btw, i just got an e-mail frm icicidirect, they also have
changed brokerage on options.
it will be calculated as 1% or Rs 100 whichever is
higher on each leg, stt & taxes extra.
Rajib.

hi Rajib,
Thats niceand cool , wat im trying to know is in case of ICICI there is just (brk+ST) and STT. My query is wat is STT charged on, before the circular and now, is there any change.

Thanks

rajib333 · #40 24th January 2007, 07:33 PM

swagat,
i am also very keen on the matter, but there is lack of transparency in the fact that stt calculation logically should be based on premium.
Expecting some circular on this regard or
someone please call them for clarification.

Dont know,when the babus will wake-up to our call!
Rajib.

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