Description

BSE announces zero transaction charges on Futures and Options contracts on the BSE FOCUSED IT (FOCIT) Index in the Equity Derivatives Segment until further notice, effective from May 11, 2026.

Summary

BSE has announced that no transaction charges will be levied on trades executed in Futures and Options contracts on the BSE FOCUSED IT Index (FOCIT) in the Equity Derivatives Segment. This waiver is effective from the launch date of May 11, 2026, and will remain in place until further notice.

Key Points

  • BSE will not levy any transaction charges on FOCIT Futures and Options contracts in the Equity Derivatives Segment.
  • The waiver is open-ended — it applies “till further notice” with no specified end date.
  • This follows the earlier Notice No. 20260415-34 dated April 15, 2026, which announced the introduction of FOCIT Futures and Options contracts.
  • Trading Members may contact their designated Relationship Managers for further clarification.

Regulatory Changes

BSE has waived transaction charges for a newly introduced index derivatives product (BSE FOCUSED IT Index Futures & Options). This is a pricing policy decision rather than a structural regulatory change, aimed at encouraging participation in the new product segment.

Compliance Requirements

  • No specific compliance action is required from Trading Members.
  • Members should be aware that these contracts will be available from May 11, 2026, and can be traded without incurring transaction charges until BSE issues a revised notice.

Important Dates

  • April 15, 2026: Original notice (No. 20260415-34) announcing introduction of FOCIT Futures & Options.
  • May 6, 2026: Date of this notice regarding transaction charges.
  • May 11, 2026: Effective date for trading in FOCIT Futures & Options contracts.

Impact Assessment

The zero-transaction-charge policy lowers the cost of trading FOCIT derivatives, making it attractive for Trading Members and their clients to participate in the new index product. This is a common exchange strategy to bootstrap liquidity in newly launched derivative contracts. Members trading in the Equity Derivatives Segment will benefit from reduced costs on FOCIT positions. The waiver applies until BSE issues a further notice, so members should monitor for future updates on the fee structure.

Impact Justification

This circular introduces a fee waiver on new FOCIT derivatives contracts to incentivize trading volume on a newly launched product, impacting trading costs for members active in equity derivatives.