Moscow Exchange (MOEX) announced yesterday that they have launched zero fee for liquidity consumers on FX Market, effective September 2.
An asymmetric maker (“taker”) fee will apply to USD/RUB trading with today settlement and a speedbump mechanism (USDRUB_TDB instrument).
Liquidity consumers, called ‘takers’, can now pay zero trading fee while liquidity providers, also named ‘makers’, will be charged at $16 per one million of currency.
The lot size will be reduced to US$1,000, while the minimum order size remains US$1,000,000. However, it will still be possible to execute any amount exceeding US$1,000,000 in one ticket.
The new speedbump USD/RUB order book was launched back in April 2019 in order to stimulate on-exchange FX liquidity. The minimum lot size is US$1 million.
More recent news from the Exchange can be seen below: