The FINANCIAL — Starting 1 December 2014, Moscow Exchange will charge different fees for FX trades depending on the order size, according to Moscow Exchange.
“Reduced fees for large block trades are aimed at increasing liquidity on the FX Market, improving the quality of the order book and reducing costs for brokers,” Igor Marich, Moscow Exchange Money Market Managing Director said.
Fees for spot trade orders of 10,000 lots (one lot equalling USD 1,000 or EUR 1,000) or more will be reduced 13% to 25% depending on the fee schedule. Trades based on matching orders will continue to be priced at the current rates regardless of their size, according to Moscow Exchange.
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