The Moscow Exchange to improve the Securities and FX market fee policy
On January 8, 2013 new Securities Market and FX market fees will take effect, including fees for stock and bond trades and repo trades.
The key improvement of the fee policy will be implementing new promotional fee schedules on the stock market. The commission fees will be reduced on all markets and the current pricelists will be optimized.
In addition, due to the amendments to Article 149 of the Russian Federation Tax Code, starting from January 2013 the NCC fees and the CJSC MICEX Stock Exchange commission fees for transactions in all financial instruments will not be charged VAT.
"Implementing new fees on the Moscow Exchange markets is a significant move forward to create the positive environment for market members and stimulate the growth of trading volumes", says Andrey Shemetov, Deputy Chairman of the Board. "New fee schedules were prepared in collaboration with our trading participants and approved by the Special User Committee". In Andrey's opinion, next year the Exchange will continue working hard on the modernization of the fee policy.
All changes in the fee policy, but for the increase in iceberg-order fees, will become effective on January 8, 2013. The effective date of the new iceberg-order fee schedule will be announced later.
More about fee schedules (doc, 108 Kb)
Please do not hesitate to contact our experts if there are any questions about the fee policy:
Yakov Lebedev (stock and bond trades) at lebedev@micex.com, (495)
Aleksandr Ermakov (repo trades) at Ermakov@micex.com, (495)
For further information, please contact the Public Relations Department at (495) 363-3232.