BSE incentives for registering on its net trading facility
Mumbai: The Bombay Stock Exchange (BSE) set to shortly launch Internet trading system called BSEwebx.com has waived the registration fee of Rs 50,000 till March 2001, as an incentive. Prospective members have also been offered a 50 per cent discount on the monthly licence fee of Rs 5,000 till March 2001.

The exchange will provide one Broker Administration Terminal (BAT) free to its members. However, the members will have to pay monthly charges of Rs 2,500 for every additional BAT. BSE will levy transaction charges of Rs 3 on each Rs 1 lakh of gross turnover until September 2001. The charges will however be increased later to Rs 5 per Rs 1 lakh of gross turnover. The charge will be subject to a minimum transaction fee of Rs 150 per registered investor per annum from April 2002.

The new system will help members of the exchange to service investors through the Internet application service provider (ASP) model and will allow them to avail of the BSE infrastructure for enabling Internet based trading without having to set up their own system.
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