Eurex Clearing of the Deutsche Börse Group will lower clearing fees for equity transactions on Xetra and Xetra Frankfurt Specialist from 1 July.
In clearing, receivables and liabilities from securities business are aggregated or offset against each other.
At the end of a trading day, a clearinghouse informs its members of their transactions as well as the remaining receivables and liabilities generated.
Eurex Clearing’s new pricing model for equity transactions will see the volume-dependent clearing fee fall by 0.02 basis points for all participants.
The volume-dependent fee will be 0.0008 percent for Xetra Frankfurt Specialist trading and between 0.0008 and 0.0003 percent in fully electronic Xetra trading, depending on monthly turnover volume.
The new pricing model will save clearing customers up to 20 percent of total clearing fees.
“The reduced pricing model in equities clearing makes trading on the Xetra and
Xetra Frankfurt Specialist even more attractive and puts us in an excellent position in the European clearing business,” said Frank Gerstenschläger, the Deutsche Börse AG executive board member who is responsible for the Xetra cash market segment.
Due to the stimulation in trading and clearing activity as a result of the new pricing model, Deutsche Börse expects a largely neutral effect on total turnover.
