The Bombay Stock Exchange (BSE) has proposed imposing charges on brokers generating an unusually high number of order messages in the cash market segment, aiming to curb excessive system load and improve market efficiency.
According to the proposal, BSE will monitor each broker’s daily order message count, and those crossing the 10-crore message threshold in a single trading day will be subject to additional charges. All order messages beyond this limit will attract a fee of Rs 0.0025 per message, which works out to Rs 2.50 for every additional 10 lakh order messages.
The move is expected to discourage excessive algorithmic and high-frequency order traffic, while encouraging more efficient order placement practices in the equity cash segment.
