The country’s oldest stock exchange, the BSE, is looking to revive its wholesale debt trading platform with the waiver of annual charges and lower net worth requirements for those willing to trade on the bourse.
The exchange has decided to waive off the annual subscription fee of Rs 25,000 for its wholesale debt market (WDM) trading members, the BSE said in a circular.
At the same time, the BSE has also lowered the net worth requirement drastically from Rs 1.5 crore to Rs 30 lakh only.
The transaction charges would be levied at a rate of 0.01 per cent of the traded value, or Rs 50 per trade, whichever is lower, and the cumulative annual charge for any member would be capped at Rs 1 lakh.
Source: PTI
