Since Thursday, Deutsche Börse has been offering an Internet-based fee calculator that enables the calculation of the main fees charged to Xetra participants for transactions covering the entire transaction chain (trading, clearing, settlement). The calculator supplements the comprehensive fee information that Deutsche Börse released in December 2006 to implement the price transparency requirements set out in the European Code of Conduct for equities clearing and settlement. Nevertheless, the online fee calculator now goes a lot further by allowing a simulation of the monthly respective fees on the basis of individual trading and settlement volumes.
The analyses give Xetra participants a precise overview of the costs that they will incur. This move will also allow Deutsche Börse to lay the foundation for a better comparison of the fees for trading, clearing and settlement on the European market. The online fee calculator will be available permanently at www.deutsche-boerse.com under Trading & Clearing/Xetra/Fees/Online Fee Calculator and will be developed further on an ongoing basis to meet the needs of market participants.
