MCX Stock Exchange (MCX-SX), which has plans to formally start stocks trading around the festival of Diwali in November, will charge 50 per cent lower fee for transaction in the options segment than National Stock Exchange (NSE).

MCX-SX announced that it would charge Rs 25 per lakh of premium in the options segment, precisely half of Rs 50 being charged by market leader NSE, which accounts for nearly 83 per cent of the entire equity market transactions in terms of value.

Jignesh Shah, chairman and CEO of financial technologies at MCX-SX, said, "Our transaction charges for members are around 50 percent less than the other exchanges."

Following a nearly two-year wait, MCX-SX gained market regulator SEBI's approval to launch an equity trading platform previous month.

Technologies-promoted MCX-SX believes that its lower charges would woo more and more broker-members to its bourse.

However, Bombay Stock Exchange (BSE), the oldest exchange in Asia, still has the lowest charges in the options segment of the three. It uses a structure where it encourages people to place their new orders rather than forcing them to complete a transaction by matching an existing order.

In the futures segment, MCX-SX charges Rs 1.0 to Rs 1.2 per lakh of traded value a month, while the NSE and BSE charge Rs 1.75 to Rs 1.90 and Rs 0.50 per lakh of turnover in a month respectively.