India INX Derivatives Simplified

 Introduction

Understanding how exchanges earn revenue, and how costs are distributed among participants is essential for any serious trader or market participant. India INX ensures its fee framework is transparent, fair, and aligned with global norms. This final section also outlines some important miscellaneous rules that don’t fit neatly into earlier categories but are vital for the segment’s integrity.

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Fee Structure at India INX Derivatives Segment

India INX levies various charges to cover its services and maintain operational excellence.

1. Exchange Fees

Fee Type	Description
Transaction Charges	Levied on executed trades (per contract or lot)
Membership Fees	One-time and annual recurring fees for members
Connectivity Fees	Charges for leased lines, co-location, and APIs
Listing Fees	Applicable for listing new derivative products or contracts

 Example: A trading member executing 500 currency futures contracts may pay a small per-contract fee (e.g., $0.10), depending on India INX’s published tariff schedule.

 2. Clearing & Settlement Charges

Collected by the India International Clearing Corporation (IICC):

• Clearing Fee: Per trade cleared

• Settlement Fee: Based on value and product

• Margin Processing Fee: For real-time margin management services
  

 3. Refunds and Waivers

In certain cases (e.g., technical failures or regulatory decisions), India INX may:

• Waive fees partially/fully

• Refund overcharged amounts upon request

Such waivers are discretionary and typically documented in circulars or member notices.

 Miscellaneous Provisions

These are operational, legal, and transitional rules that bind the ecosystem together.

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 1. Circulars and Notifications

India INX regularly issues circulars, guidelines, and updates on:

• Product changes

• Margin revisions

• Compliance reminders

• Regulatory announcements
  

 Members must monitor official communication portals and comply accordingly.

 2. Dispute Resolution In case of disputes:

• Members must first seek resolution through India INX’s internal grievance or arbitration framework

• If unresolved, escalation can be made to IFSCA or arbitration authorities in GIFT City
  

 3. Legal Jurisdiction

• All legal proceedings related to India INX and its Derivatives Segment fall under the jurisdiction of Gandhinagar, Gujarat (GIFT City)

• International members must agree to this jurisdiction upon registration
  

 4. Power to Amend Rules

India INX reserves the right to revise rules, formats, or fees in response to:

• Regulatory directives

• Market developments

• Risk concerns
  

Such changes are implemented only after prior communication via circulars.

 Final Summary: A Transparent, Global-Ready Framework

Topic	Key Takeaway
Fee Structure	Based on trading, connectivity, and membership activity
Refunds/Waivers	Allowed under specific cases with exchange discretion
Operational Notices	Members must follow official circulars and rule updates
Legal Framework	Jurisdiction fixed under GIFT City; arbitration available

 Series Wrap-Up: Why India INX Derivatives Matter

Over these seven blog posts, we’ve explored the entire ecosystem of India INX’s Derivatives Segment, from membership and trading to risk, technology, compliance, and investor protections. Designed for transparency, global access, and efficiency, this platform is a major step toward India’s vision of a world-class financial hub at GIFT IFSC.

Whether you're an institutional investor, a compliance officer, or an informed retail trader