Comment on ZT-Spread Orders

Nithin Kamath commented on 29 Jan 2015, 03:55 PM

Mk, yeah if you compare it to a retail client in India it is more, but like I said our effort involved supporting an NRI client is exponentially more.

In India most brokerages charge you a % brokerage, for NRI’s it is usually around 0.05%. So if you buy and sell a spread (which is 4 trades/legs), the total turnover for 10 lots is around 1 crore and hence brokerage is Rs 5000.

With us it will be Rs 200 per trade irrespective of the size of trade (10 lots or 100 lots), so the above trade will cost Rs 800. I guess this is in lines with the brokerage rates offered by discount brokers in the US (between $5 to $10 per trade)

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