Hi
@jyotixxx,
1. The clearing charges are very less in comparison to the benefits IMO. As a broker, associating with a clearing member allows us to provide reasonably better leverage to our customers for intraday trades.
2. We used to allow clients to trade from NSE NOW but it creates new problems and doesn't solve the purpose. As a broker, we have to maintain 2 systems in parallel. In spite of doing so, if the main system goes down, then clients will log into NSE NOW and the latest positions will not reflect. Only EOD balances and positions reflect on the secondary system. This can lead to great confusion during market hours and in panic, traders are likely to erroneously square-off non-existing positions (Carry-forward trades which have already been squared off) or create new positions. This has happened on a few occasions and hence, we decided to remove access altogether. Also, the exact same risk settings have to be maintained on NSE NOW. All in all, it is not practical. It can be implemented only if the clients who choose to use NSE NOW are not allowed to use our other platforms so that there is no confusion.
FYI, NSE wants to charge for NSE NOW. They had even issued circulars in this regard but due to protests by the brokers, they temporarily rolled back their plans. Not aware of the latest commercial offering. It may or may not be free.