NSE creates new membership category, cuts fees for proprietary brokers
Partha Sinha, TNN Sep 24, 2012, 10.28PM IST
Tags:
MCX Stock Exchange|MCX|capital market|Alpha
MUMBAI: Feeling the heat from the ongoing membership drive by MCX Stock Exchange (MCX-SX), which got the regulatory nod to start an equity trading platform, NSE, the country's largest exchange, on Monday introduced a new type of membership that will make it cheaper for brokers to trade with their own money, called proprietary trades.
Under this new membership class, christened Alpha, there will be three separate categories: members in capital market (CM) segment, in futures & options (F&O) segment and in both the segments together. For admission to the CM segment, members would need to keep a deposit of Rs 20 lakh, for F&O segment Rs 25 lakh and for both the segments combined Rs 45 lakh. However, the exchange will not charge any admission fee for admission to these segments under the new scheme, an NSE release said.
ONE FRIEND SENT ME THIS LINK HE SAID WHY ARE YOU BOTHERING ABOUT BROKER BECOME BROKER YOUR SELF I WAS LIKE WHAT ARE YOU TALKING IT COST 5- 10 CRORE SO HE SENT ME THIS LINK AS IT IS I AM QUITE FED UP WITH THE ARROGANCE OF THE BROKERS INCLUDING MY OWN BROKER
WHO LAUGHS WHEN EVER I TALK ABOVE REDUCING BROKERAGE CITING 20 RS PER ORDER OR 15 RS PER ORDER BROKERS
THEY SAY SIR AB 400 RS CRORE SE KAM KYA HOGA
Partha Sinha, TNN Sep 24, 2012, 10.28PM IST
Tags:
MCX Stock Exchange|MCX|capital market|Alpha
MUMBAI: Feeling the heat from the ongoing membership drive by MCX Stock Exchange (MCX-SX), which got the regulatory nod to start an equity trading platform, NSE, the country's largest exchange, on Monday introduced a new type of membership that will make it cheaper for brokers to trade with their own money, called proprietary trades.
Under this new membership class, christened Alpha, there will be three separate categories: members in capital market (CM) segment, in futures & options (F&O) segment and in both the segments together. For admission to the CM segment, members would need to keep a deposit of Rs 20 lakh, for F&O segment Rs 25 lakh and for both the segments combined Rs 45 lakh. However, the exchange will not charge any admission fee for admission to these segments under the new scheme, an NSE release said.
ONE FRIEND SENT ME THIS LINK HE SAID WHY ARE YOU BOTHERING ABOUT BROKER BECOME BROKER YOUR SELF I WAS LIKE WHAT ARE YOU TALKING IT COST 5- 10 CRORE SO HE SENT ME THIS LINK AS IT IS I AM QUITE FED UP WITH THE ARROGANCE OF THE BROKERS INCLUDING MY OWN BROKER
WHO LAUGHS WHEN EVER I TALK ABOVE REDUCING BROKERAGE CITING 20 RS PER ORDER OR 15 RS PER ORDER BROKERS
THEY SAY SIR AB 400 RS CRORE SE KAM KYA HOGA