SEBI's broker fee shake-up may put investors in the crossfire

Markets regulator SEBI is reining in the frenzy of derivatives trading. In a circular on July 1, 2024, it said that market infrastructure institutions such as stock exchanges, depositories and clearing corporations must levy uniform charges on stock brokers rather than the existing discounted charges based on their trading volumes. What it means Market infrastructure institutions like exchanges currently charge slab-wise fees from stock brokers based on their turnover. The higher the trading volumes brokers generate, the lower their fees are. Exchanges offer this discou