Mumbai, Sept. 24:
The National Stock Exchange today launched a new category of membership called ‘Alpha’.
This category of membership is for firms that do not handle customer funds. It will be effective from September 25.
Targeted at the entrepreneurial class, the NSE feels this category of
membership “can bring in innovative trading ideas and strategies that
could add to the liquidity of the trading platform.”
The ‘alpha’ category is ‘designed to ‘provide quick, easy and cost
efficient access to the trading platform to firms that do not handle
client accounts.’ This would benefit retail investors and also improve
depth in the market.
For membership in the capital markets segment, a deposit of Rs 20 lakh
would be charged. A deposit of Rs 25 lakh would be charged in the
Futures & Options (F&O) segment. Membership in both the segments
is also available under this category.
Members will be allowed to choose any one or both the segments, as
against the existing offer of combined membership of both the segments,
for a deposit of Rs 1.10 crore.
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