Multi Commodity Exchange of India i.e. MCX has changed the transaction fees for futures and options contracts. The exchange has informed about these changes on Tuesday. According to the information given, these revised charges will be applicable from October 1, 2024. The transaction fee for futures contract will be Rs 2.1 per lakh turnover value, while for option contract it will be Rs 41.8 per lakh premium turnover value.
The exchange has said in its release that these changes have been made on the basis of SEBI's instructions. In the release, the exchange said that the exchange is issuing notification regarding transaction fees in continuation of SEBI's circular dated July 1, 2024 regarding Charges Levied by Market Infrastructure Institutions- True to level and circulars dated July 10, 2024 and September 13, 2024. The exchange is offering commodity derivative contracts in many different segments. These include gold, silver, industrial metals, energy, agri commodities as well as indices based on contracts on the exchange. MCX is the first exchange in the country to offer commodity options and futures contracts on bullion, base metals and energy indices. As per the data till June in the financial year 2025, MCX has a market share of 97.84 per cent based on the value of commodity futures contracts traded during this period.
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