BSE waives transaction fee for currency, interest rate segments

Asia's oldest stock exchange has waived transaction charges for some of its newest segments.

There will be no transaction charges for the BSE's currency and the interest rate derivatives segments for a period of six months and eight months respectively, according to an exchange notice. Both were launched in the last six months.

"Trading Members are requested to note that transaction charges shall not be levied in Currency Derivatives for a further period of 6 months ie from May 29, 2014 till November 30, 2014 and for Interest Rate Derivatives for a further period of 8 months from May 29, 2014 till January 31, 2015," said the notice dated March 21.

The BSE re-launched currency derivatives in November 2013, following a previous venture into the segment in October 2008. Interest rate derivatives were launched in January.