Now they are charging fully.
Earlier they were not charging of Derivative segment so sales was up but fees were not growing . That ended and they also are putting in place new products like this INDEX options and futures… which got immediate reaction from NSE means they are on right path.
The missing piece to regain volumes on cash and FNO is to move brokers… past being nice has not helped so they now need to play hardball.
Every institutional brokers takes BSE facility for granted. They assume that for BCP DRP BSE is always there so they can shift if there is a break down at NSE . This concentration risk at NSE has no cost.
BSE needs to set a fee to use the exchange if and when NSE stoppage occurs as a BCP . So brokers should be given a limit to their last 3 month trading volumes in case they see a NSE outage . If they wish to trade mode then there is a extremely high fee . This will automatically ensure at each big guy will automatically move 25% volumes…
This is standard operating procedure in banks which provide infrastructure and BSE CAN EASILY IMPLEMENT THIS .
HOPE CEO is listening to us
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