Eurex Clearing cuts clearing fees for cash market transactions
Eurex Clearing is to lower the fixed clearing fees for equity transactions on Xetra and the floor of the Frankfurt Stock Exchange with effect from 1 July.
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The fixed clearing fee for Xetra transactions is to be lowered by 20 percent to €0.40 per order as of that date. The volume-dependent clearing fee remains unchanged at 0.0015 percent of the transaction value. This reduces the total clearing fee for Xetra transactions by an average of approximately 8 percent. The lower clearing fees make algorithmic trading on Xetra even more attractive, currently around 50 percent of all Xetra orders are generated by algorithmic trading. The fee reductions will have a particular impact on clients who have not yet profited from the existing discount model for automatically generated orders. Eurex Clearing thus supports the continued growth of particularly price-sensitive trading volumes.
The clearing fee for floor trading transactions on Frankfurt Stock Exchange will be lowered by 10 percent to €0.45 per contract note. Lower clearing fees make the Frankfurt Stock Exchange more attractive for private investors as well as banks.