The Bombay Stock Exchange (BSE) on December 18, 2025, issued a notification regarding the introduction of the Trading Member (TM) Level Daily Order Message Threshold in the Equity Cash Segment.
The following has been stated: -
•The Trading Members will have a free daily threshold of 10 crore order messages in the Equity Cash Segment, beyond which charges will apply.
•Orders exceeding the threshold will be charged at ₹0.0025 per message, with the first breach in each calendar month exempted.
•All add, modify, and delete orders (excluding settlement auctions) will be counted, and daily order and charge files will be shared with members.
•The framework takes effect from January 01, 2026, with charges waived for January 2026 and applicable from February 2026 onward.
[Notification No.: 20251218-14]
