ICICI Securities on
Tuesday launched a scheme where customers trading in derivatives will not have
to pay any brokerage for trades squared off in 5 minutes.
The scheme, first of its
kind in India, is available with life-time pre-paid brokerage plan offered by
ICICI Direct, the brokerage firm said in a statement.
The move will help the
ICICI Securities’ retail customers to trade in a disciplined manner.
Customers can benefit with
very small movements now. This scheme will also attract a wide segment of
jobbers who do not have to pay any brokerage and can trade at the convenience
of their homes.
An empirical research was
conducted by ICICI Securities over 10 years across its 3.5 million customers to
understand the emerging trading behaviour of traders.
We have observed there is
a trend emerging where customers are quickly entering and exiting trades in a
disciplined manner. They are making their moves in small movements of their
stocks, underlying contracts.
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