National Stock Exchange
(NSE) on Monday said it will lower connectivity charges on trades generated from leased lines and very small aperture terminals (VSATs), a move that will benefit small and medium sized members.
"This initiative (lowering of connectivity costs for VSATs and leased lines) has been taken, especially to address the requirements of small and medium sized members, by bringing down their connectivity costs," NSE said in circular.
Currently, large number of small and medium sized members connect to the exchange using either using entry level Leased Line or a very small aperture terminals (VSAT).
The NSE has revised
the connectivity charges to Rs 50,000 per annum from Rs one lakh per leased line for members connected through points of presence (PoPs) at various locations including Delhi, Mumbai, Kolkata, Rajkot, Jaipur and Kochi. The move would be effective from October 1.
In addition, the exchange has also decided to reduce the VSAT recovery charges to its members. The move would be effective from February 1 next year, subject to necessary government approvals.
"We have been providing world class technology and different options for connectivity to members in rural areas, smaller cities and the metros, at very affordable prices. This decision will further help member brokers to expand their reach and grow their business by getting more retail clientele," NSE Managing Director and CEO Ravi Narain said.