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08.09.2017 17:55

On transition to daily calculation of the exchange fee for derivatives

This notice is to remind member firms that the transitional period related to the introduction of new tariffs for derivatives will expire at 19:00 MSK on 2 October 2017. During the period, the absolute values of the exchange fee for futures trading are set on a quarterly basis.

Immediately after the end of the transitional period, i.e. from 19:00 MSK on 2 October 2017, a new method for calculating the fee will take effect under which the trading fee value will be set daily. A futures contract settlement price determined at the end of the previous day"s evening clearing session will be used as the basis for the fee calculation. As soon as the fee value is fixed, it will apply from the evening trading session until the beginning of the next evening clearing session in which the fee value will be re-fixed.

Scalpers* will get a 50% discount of the exchange fee for every trade as before.

During the transitional period and thereafter, the exchange fee for options trades will be set daily in the evening clearing session based on the exchange fees for futures contracts and theoretical prices of options.

For further details on the fee calculation, please click here and here.

* Scalping trades:

  • Scalping trades in futures are trades executed on the basis of anonymous orders giving rise to positions in the futures opened and closed within a trading day.
  • Scalping trades in options are trades executed on the basis of anonymous orders which may give rise to opposite positions in the underlying futures if the option is exercised within a trading day. A long position in the futures contract may result from buying the call option and selling the put option.  A short position in the futures contract may result from selling the call option and buying the put option. Scalping pairs for options (buying the underlying asset – selling the underlying asset):
    • Buying a call, selling a call,
    • Buying a call, buying a put,
    • Selling a put, buying a put,
    • Selling a put, selling a call.

For further information, please contact the Public Relations Department at (495) 363-3232.