Starting December 1st 2014, Moscow Exchange will charge different fees for FX trades depending on the order size.
Moscow Exchange Money Market Managing Director Igor Marich commented on the change:
“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”.
Fees for spot trade orders of 10,000 lots (one lot equaling 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.
Fees effective from 1 December 2014:
For the official announcement from MOEX, click here.