Fees for trading blocks of 10,000 lots and more. Promoting members providing liquidity. Large makers’* trades should be discounted. - Maker trade is a.

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Presentation transcript:

Fees for trading blocks of 10,000 lots and more

Promoting members providing liquidity. Large makers’* trades should be discounted. - Maker trade is a trade with order number less than the number of its matching order. OBJECTIVE Orders of large size are almost absent in the spot order book

To boost liquidity in spot instruments on the FX market, the Exchange is to reduce the volume-based rate of the fee for makers’ trades of 10,000 lots and more: The volume-based rate is reduced by % for makers’ trades with an order of 10,000 lots and more. Fee scheduleOrder of < 10,000 lots Order ≥ 10,000 lots SPT_ %0.0013% SPT_ %0.0008% SPT_ %0.0006% ENCOURAGING BLOCK TRADING - Maker trade is a trade with order number less than the number of its matching order.

EXAMPLES Trading member (maker) Fee rate: % Trading member (taker) Fee rate: % Trade: USD 10,000,000 Order: USD 10,000,000 Order: USD 12,000,000 1 Trading member (maker) Fee rate: % Trading member (taker) Fee rate: % Trade: USD 5,000,000 Order: USD 10,000,000 Order: USD 5,000,000 2

EXAMPLES Trading member1 (maker) Fee rate: % Trading member 2 (taker) Fee rate: % Trade 1: USD 5,000,000 Order: USD 5,000,000 Order: USD 10,000,000 3 Trading member 2 (maker) Fee rate: % Trading member 3 (taker) Fee rate: % Trade 2: USD 5,000,000 Order: USD 5,000,000 Order: USD 5,000,000 Residual 5,000 lots are entered on the book

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