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Markets > Currency Derivatives Market > Currency Derivatives Fees

Fees

	Overview Currency Options Trading Costs Data Costs Membership Costs Front End Costs Currency Futures Trading Costs

Overview

With effect from 3rd May 2011, the Currency Derivatives Market fee’s will be reduced as per the below sliding scales.

Currency Futures Trading Costs

The new sliding scale fee structure for Currency Futures: (including “Any-day” Expiries):

Proposed sliding scale band (per deal)	Fee per contract
1 - 999	R1,28
1,000 - 4999	R1.10
5,000 - 7,499	R0,91
7,500 - 9,999	R0,60
10,000 and above	R0,45

The fees will be capped at R39,900 per deal to entice bigger contracts.
*All the above fees include VAT of 14%. 

Maxi Dollar/Rand Currency Futures Trading Costs

The new Sliding Scale Fee Structure for the Maxi Dollar/Rand Currency Fture: ($100,000)

Proposed sliding scale band (per deal)	Fee per contract
1 - 9	R128
10 - 49	R110
50 - 74	R91
75 - 99	R60
100 and above	R45

The fees will be capped at R39,900 per deal to entice bigger contracts.
*All the above fees include VAT of 14%.

Currency Options Trading Costs:

Introduction of a sliding scale fee structure for Currency Options: (including “Any-day” Expiries)

Proposed sliding scale band (per deal)	Fee per contract
1 - 999	0.64
1,000 - 4,999	0.55
5,000 - 7,499	0.46
7,500 - 9,009	0.30
100 and above	0.23

The fees will be capped at R39,900 per deal to entice bigger contracts.
*All the above fees include VAT of 14%.

Maxi Dollar/Rand Currency Option Trading Costs

The new sliding scale fee structure for the Maxi Dollar/Rand Currency Option: ($100,000)

Proposed sliding scale band (per deal)	Fee per contract
1 - 9	R64.00
10 - 49	R55.00
50 - 74	R45.50
75 - 99	R30.00
100 and above	R22.50

The fees will be capped at R39,900 per deal to entice bigger contracts.
*All the above fees include VAT of 14%.

Data Costs

this market is still in its infancy, the Currency Derivatives Market will continue to apply zero fees until advised differently – May 2011.

Membership Costs

R11,400 once off membership joining fee is charged
There is no monthly or annual fees for trading Currency Derivatives.

Front End Costs

• The Currency Derivatives Market does not charge the broking community for the use of the automated trading system.