Cash Equities Fees
Trades in stocks, depository receipts, ETF shares, mortgage certificates, and other securities
Tariffs in all modes, excepting tariffs in placement and buyback trading modes:
Effective from 01.11.2022
| MAKER | TAKER | |||||
|---|---|---|---|---|---|---|
| Moscow Exchange, trading fee not subject to VAT |
National Clearing Centre clearing fee, not subject to VAT |
Total fee | Moscow Exchange, trading fee not subject to VAT |
National Clearing Centre clearing fee, not subject to VAT |
Total fee | |
| ASYMMETRIC PRICING MODEL (MAKER – TAKER1) | ||||||
MAIN TRADING MODE Т+ (MODE T+1), "ODD LOTs", "IIR sector"
|
0,00% | 0,00% | 0,00% | 0,01725% | 0,01275% | 0,03% |
| SYMMETRIC PRICING MODEL (MAKER – TAKER) | ||||||
MAIN TRADING MODE Т+ (MODE T+1)
"IIR sector"
NTM / NTM with CCP, NTM / NTM with CCP ("IIR sector"), Trading mode "settlement of derivatives contracts", trading mode of placement and redemptions and other trading modes (including the Placement modes and Buybacks with the exception of shares and depositary receipts) |
0,008625% | 0,006375% | 0,015% | 0,008625% | 0,006375% | 0,015% |
| Trades executed on the basis of orders with the use of Trading and Clearing Accounts of the Non-Resident as defined by the Clearing Rules - C-type Accounts | 0,01725% | 0,01275% | 0,03% | 0,01725% | 0,01275% | 0,03% |
1The maker is the passive side of the trade, providing liquidity; and the taker is the active side of the trade, receiving liquidity.
The minimum variable fee (applicable to symmetrical pricing models, as well as to liquidity-taking trades in asymmetrical pricing model) is charged and collected on the trade amount on the trade date and is at least RUB 0.02 (RUB 0.01 - the Trading Fee and RUB 0.01 - the Clearing Fee).
Iceberg orders
An extra commission fee charged by the Exchange of 0.0025% of the trade amount is charged to both taker and maker for trades executed on the basis of iceberg orders.
Closing Auction orders
An extra trading fee of 0.0025% of the trade amount is charged to both taker and maker for trades executed on the basis of limit or market orders of Closing Auction.
Market orders in the Opening Auction
An extra fee of 0.0025% of the trade amount is charged to both taker and maker for trades executed in the Opening Auction on the basis of market orders.
Preferential tariffs for voluntary rollovers
Trades on a voluntary rollover of client positions are subject to a fee that applies from 9:30 to 10:00 and from 18:45 to 19:00 Moscow time. The preferential flat fee applies only to cross-agency trades in shares and depositary receipts on shares (not in bonds).
- The aggregate fee for negotiated trades and negotiated trades with the CCP is RUB 0.35 per trade, irrespective of the trade size.
Tariffs in placement and buyback trading modes:
Effective from с 18.03.2024
| Moscow Exchange, trading fee not subject to VAT |
National Clearing Centre clearing fee, not subject to VAT |
Total fee | Moscow Exchange, trading fee not subject to VAT |
National Clearing Centre clearing fee, not subject to VAT |
Total fee | |
| BUYER | SELLER | |||||
Placements (sales):
|
0,000000% | 0,000000% | 0,000% | 0,08625% | 0,06375% | 0,15% |
| BUYER | SELLER | |||||
Buybacks:
|
0,08625% | 0,06375% | 0,15% | 0,000000% | 0,000000% | 0,000% |
The minimum variable fee (for transactions on the issuer's side) is calculated and charged on the trade amount on the trade date and is at least RUB 0.02 (RUB 0.01 - the Trading Fee and RUB 0.01 - the Clearing Fee).
The maximum variable fee (for transactions on the issuer's side) within one trading day for one security in one trading mode shall be charged in the amount not exceeding RUB 30,000,000 (RUB 17,250,000 - the Trading Fee, RUB 12,750,000 - the Clearing Fee).
At the same time, for the purposes of fee collection, the volume of a transaction is determined as the greater of:
- Product of the trade price by the number of securities in the trade,
- Product of the previous day's closing price by the number of securities in the trade,
- The product of the indicator "Settlement price for the purposes of determining price deviations" by the number of securities in the trade. The settlement price provided by the issuer to the Moscow Exchange is used as the "Settlement Price for the Purposes of Determining Price Deviations" indicator. The "Settlement Price for the Purposes of Determining Price Deviations" indicator is used for the purposes of calculating the commission fee only if the previous day's closing price is not available on the commission fee calculation date.
ПАО Московская Биржа является обладателем информации о значениях индексов, опубликованных на сайте. Информация о значениях индексов доступна для ознакомления. Использование индексной информации для извлечения прибыли, в том числе для оказания услуг по предоставлению этой информации или подготовленных на её основе материалов и данных, продуктов и сервисов третьим лицам возможно только на основании договора.
При воспроизведении информации об индексах ПАО Московская Биржа обязательна ссылка на первоисточник (Источник: ПАО Московская Биржа https://www.moex.com/ru/indices), а при воспроизведении значений индексов на сайтах в сети "Интернет" или иных формах использования в электронном виде необходимо дополнительно размещать активную индексируемую поисковыми системами гиперссылку на сайт ПАО Московская Биржа.
Наименования индексов являются зарегистрированными товарными знаками, правообладателем которых является ПАО Московская Биржа. Любое использование указанных товарных знаков без письменного разрешение Биржи запрещено и может быть осуществлено на основании лицензионного соглашения с ПАО Московская Биржа. Подробнее на странице "Товарные знаки".