What is the presentage of the Transaction Cost for day trading ?

lbnnirmal

lbnnirmal

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Please can some one explain the exact value of Transaction Cost for the day trading ??

charith82

charith82

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http://cse.lk/welcome.htm

sriranga · 3 Transaction Costs Fri Sep 02, 2011 1:33 pm

sriranga

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This is from CSE Website

Transaction Costs
Transaction cost applicable for equity & debt securities given below:

Equity - with effect from 1st January 2011

Transactions up to Rs. 50 Million - 1.12%
Divided as follows:

Brokerage Fees - 0.640%
CSE Fees - 0.084%
CDS Fees - 0.024%
SEC Cess - 0.072%
Share Transaction Levy - 0.300%

Transactions over Rs. 50 Million
Divided as follows:

Minimum brokerage (floor) - 0.200%
CSE Fees - 0.0525%
CDS Fees - 0.0150%
SEC Fees - 0.0450%
Share Transaction Levy - 0.300%

(Subject to a minimum brokerage of Rs. 10/- per contract and a minimum CDS fee of Rs. 5/-)
The CSE trading records will indicate the brokerage as zero for transactions over Rs. 50 Mn. The Broker Firms are expected to insert 0.2000% or a higher percentage which is negotiated with the client as the brokerage before printing the Bought/Sold Notes.

Intra day Trading

With effect from 15th February 2006, the transaction fee due to the broker, CSE, CDS and SEC on intra day trades, where a client buys and sells or sells and buys the same security on the same day through the same broker will not be charged on one side of the transaction.
(Please note that Share Transaction Levy will be charged on both sides of the Transaction)

In the event the total number of shares purchased does not equal the total number of shares sold, the transaction fees as detailed above will not be levied on the lower quantity of shares either purchased or sold.
In the event the total quantity purchased is equal to the total quantity sold the transaction fees will not be levied from the sales transaction.

Please note that the total purchases and sales of a client in the same security will be considered for purpose of determining the exemption of the Brokerage, CSE, CDS and SEC fees (transaction fee).

Eg:
Client X's trades in ABC shares on particular day

Bought
1,000 shares
Sold
1,000 shares
Bought
4,000 shares
Sold
2,000 shares
Sold
1,000 shares

Total Purchases = 5,000 shares
Total Sales = 4,000 shares

No transaction fee will be levied on the 4,000 shares sold, apart from the Share Transaction Levy.

Client V's trades in ABC shares on a particular day

Bought
500 shares
Sold
1,000 shares
Bought
300 shares
Sold
500 shares
Bought
100 shares

Total Purchases = 900 shares
Total Sales = 1,500 shares

No transaction fee will be levied on the 900 shares purchased, apart from the Share Transaction Levy.
Odd lots, Crossing and AON trades will not be considered for the exemption of Brokerage, CSE, CDS and SEC fees.

Note:
A Member Firm may share 50% of the brokerage with a foreign broker if a foreign broker is involved in a transaction.

Have a good trade.

Thushara Ayya

Thushara Ayya

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What is ODD Lot and AON Pl Comment...

ABEST

ABEST

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Transactions up to Rs. 50 Million - 1.12%

investor1984

investor1984

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lbnnirmal wrote:Please can some one explain the exact value of Transaction Cost for the day trading ??

ATTN : Moderators

I am baffled with this reputation system, a person with more than 10 reputation points ask about the same day transaction cost, a person who have put lot of comments and who have started lot of new treads ( more than 100 ) ask about very basic thing which can be found very easily in CSE . I think this forum is loosing its credibility more rapidly than InvestNow.lk did in its worst days. Moderators, u must and should get into act again, i dont find post from moderators anymore, Pls dont let this forum to go down.
( @ Ibnnirmal - nothing personal mate, just posted for the betterment of the forum )

sumith9999

sumith9999

Stock Trader

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Hi,

This is a forum for all - new and old in the share trading business. Anyone is free to ask any question and any one is free to skip it without wasting time - if he is sure of the answer.

This info. will be useful to new comers who do not read all text/details in the CSE / Brokers web site.

sumith9999

investor1984

investor1984

Manager - Equity Analytics

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sumith9999 wrote:Hi,

This is a forum for all - new and old in the share trading business. Anyone is free to ask any question and any one is free to skip it without wasting time - if he is sure of the answer.

This info. will be useful to new comers who do not read all text/details in the CSE / Brokers web site.

sumith9999

Well brother if u r too lazy to read then its ur problem. We can discuss things with much more importance here.

Roboticfx

Roboticfx

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Location : 5° 55'N - 9° 55' N and 79° 42'E - 81° 52E'.

Guys,
No need to fight with others. This forum is open and it allows anyone to post anything. Posting good and useful things are good habits. But new investors can't do this as of lack of knowledge. They can ask questions and get improve their knowledge. After then they should help others. Otherwise, he/she will not be useful to this forum and other members may not believe them. That's similar to the normal society. Smile

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What is the presentage of the Transaction Cost for day trading ?

1 What is the presentage of the Transaction Cost for day trading ? Fri Sep 02, 2011 10:42 am

lbnnirmal

2 Re: What is the presentage of the Transaction Cost for day trading ? Fri Sep 02, 2011 11:16 am

charith82

3 Transaction Costs Fri Sep 02, 2011 1:33 pm

sriranga

4 Re: What is the presentage of the Transaction Cost for day trading ? Fri Sep 02, 2011 4:48 pm

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5 Re: What is the presentage of the Transaction Cost for day trading ? Fri Sep 02, 2011 4:54 pm

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6 Re: What is the presentage of the Transaction Cost for day trading ? Fri Sep 02, 2011 6:10 pm

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7 Re: What is the presentage of the Transaction Cost for day trading ? Sat Sep 03, 2011 1:31 pm

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8 Re: What is the presentage of the Transaction Cost for day trading ? Sat Sep 03, 2011 8:22 pm

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9 Re: What is the presentage of the Transaction Cost for day trading ? Sun Sep 04, 2011 9:36 pm

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