India’s MCX-SX will levy a transaction charge for currency derivatives trades, effective August 22, Financial Express reports. The move follows that of rival National Stock Exchange, which imposed charges on currency derivatives trade from August 12.

The MCX-SX will levy a charge of up to $0.023 per $2,177 of the average daily traded value. Furthermore, it will charge an admission fee of $5,442 for trading members and $108,839 for clearing members on all applications received on or after August 22.

Click here for the story from Financial Express.