Internet Trading enables our members to provide a trading terminal/browser to end clients for putting In trades. For availing Internet based trading on the same, all the interested Trading Members of the Exchange are requested to  submit the application to the Member Services & Development as specified in Annexure 1. The documents / information mentioned in Annexure 2 should be kept ready by the applicants at the time of the system audit.

Members are further requested to note the following ITORS System Audit application processing charges:

1. System Audit charges to enable Internet based Trading via FASTRADE (re-imbursement from the applicant for the system audit fees paid by the Exchange to the system auditors, on behalf of the member)

a)      For the system audits within Mumbai

*Rs. 5,000/- (plus Service Tax) in case of system audits done in Mumbai

b)     For the system audits outside Mumbai

*Rs. 5,000/- plus applicable taxes extra and Travelling / Conveyance as per Actuals (Travelling and Halting allowances charges as per RBI practice audits).

* will be debited to the members general charges account subsequent to the approval granted by Exchange

2. System Audit Charges to enable Internet based Trading via other Platforms (non Fastrade).

(re-imburesment from the applicant for the system audit fees paid by the Exchange to the system auditors, on behalf of the member)

Rs. 20,000/- (plus service tax) per product will be debited to the members general charges account subsequent to the approval granted by Exchange in case the system audit is conducted within Mumbai.

Rs. 25,000/- (plus service tax) per product will be debited to the members general charges account subsequent to the approval granted by Exchange in case the system audit is conducted Outside Mumbai.

In case of any query related to the application submission (i.e. Annexure-1), kindly contact Mr.Chirag A. Sodawaterwalla, Manager, Member Services & Development on 022-22728156 or email on chirag.sodawaterwalla@bseindia.com

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