Sebi directive on uniform charges and its impact on brokerage rates
Mon, Jul 8, 2024 8:27 PM

Sebi directive on uniform charges and its impact on brokerage rates

A Flip by Shubhangi Gupta
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The Securities and Exchange Board of India (Sebi) has directed exchanges to levy a uniform transaction fee on all broking firms, regardless of the volume they generate, starting October 1. Currently, broking firms pay a lower transaction charge to exchanges based on the cumulative value of trades, but charge clients a higher rate, pocketing the difference.

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