MCX revise its membership admission fees

Friday, April 7, 2006, 13:03 [IST]

Mumbai, Apr 7 (UNI) MCX has revised its membership fees under category of trading cum clearing member with effect from May one.

The membership fee has been revised for trading cum clearing membership category (non-deposit based) to Rs 25 lakh and that of trading-cum clearing membership category (deposit based) to Rs 55 lakh, a release issued here said.

When the exchange had started its operations in November 2003, it had only non-deposit based membership fee which was Rs 2.5 lakh and a security deposit of Rs 2.5 lakh, compositely it was Rs five lakh, which will now become Rs 25 lakh, the release added.

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