OREANDA-NEWS. November 8, 2012. On November 6, 2012 the FX Market committee of Moscow Exchange held a meeting. The agenda of the meeting included items about changing the FX market fees, introduction of a minimum trade fee, drafting a new methodology for FX fixings.

The Committee advised the Exchange to amend fees applied for buying and selling currencies during the Unified Trading Session from January 8, 2013 as follows:

Variable rate, %

Fee schedule

Flat rate, RUB

USD/RUB,
EUR/RUB,
EUR/USD

UAH/RUB,
BYR/RUB,
KZT/RUB,
CNY/RUB

Basic

–

0.0015%

0.0050%

Advanced

1,000,000

0.0010%

0.0050%

Maximum

2,000,000

0.0008%

0.0050%

In particular, the Committee recommended reducing rates for the fee schedule Advanced from 0.0012% to 0.0010% and for the Maximum — from 0.0010% to 0.0008%.

In addition, the meeting participants proposed introduction of a minimum trade fee in the amount of one ruble and changing the proportion between the trading fee, clearing fee and the fee for the ITS to 42.5% / 42.5% / 15% respectively, of a total fee amount.

The decision was also made to advise a new methodology for calculating the FX fixing at12:00 MSK based on average meaning of trade prices and quotes taken for one minute. The online indicator (with a per second calculation during the trading session on the basis of the methodology) was proposed.