Multi Commodity Exchange of India (MCX) has reduced the transaction charges of agri-commodities and non-agri commodities with an aim to reduce cost of trading for the value chain participants, effective from February 26, 2014.
For agri-commodity contracts, MCX has reduced the fee to Rs 0.75 for every Rs 1 lakh of turnover for members generating monthly average daily turnover volume (ADTV) of up to Rs 20 crore, and Rs 0.50 per lakh on incremental turnover above Rs 20 crore.
In the case of non-agri commodities, the commodity bourses has reduced the transaction charges to Rs 2.10 for every Rs 1 lakh of turnover for members generating ADTV of up to Rs 350 crore and Rs 1.40 per lakh on incremental turnover above Rs 350 crore.
Earlier, for both agri and non-agri commodities, MCX used to charge Rs 2.50 for every Rs 1 lakh of turnover for members generating ADTV of up to Rs 250 crore, Rs 1.25 per lakh on incremental turnover above Rs 250 crore to Rs 1,000 crore; and Rs 1 per lakh on incremental turnover above Rs 1,000 crore.
MCX has revised the transaction charges in the wake of FMC’s directive on February 13, 2014 to introduce differential transaction charges.