As of 1 October, Eurex Clearing will be reducing the clearing fees for Xetra orders: The fixed fee per order will be reduced from €0.52 to €0.50; the variable fee remains unchanged at 0.0015 percent of the transaction value. Eurex Clearing also offers volume discounts of up to 49 percent on the fixed clearing fee per order to clients who generate orders on a fully electronic basis using the Automated Trading Program (ATP) on Xetra. This means that clients save around 7 percent of the current clearing fee in total.
Eurex Clearing believes that the volume discounts that apply to the clearing of ATP transactions will lead to a further increase in trading activities, and, as a result, in the number of clearing transactions. ATP trading is growing fast and already accounts for around a third of the trading volume on Xetra.
ATP clients can already take advantage of volume discounts on the trading fee, making Xetra one of the most cost-effective trading platforms available. In future, these clients will also benefit from discounts on clearing fees, making the offering more attractive in this respect, too. The total transaction costs (for trading, clearing, and settlement) for an average Xetra ATP order of €30,000 will thus stand at €1.93, taking into account a 25-percent discount that currently applies to ATP clients on average.
A Xetra order of €10,000 placed by a private investor will incur transaction costs totaling €1.27 once the clearing fees have been reduced.
Buy and sell orders on Xetra incur trading, clearing, and settlement fees, which are charged separately. Trading and clearing fees are charged for every order executed on the same day, and increase in proportion to the transaction value. Unlike the majority of other stock exchanges and clearing organizations, Deutsche Börse does not charge separate fees for canceling, changing, or deleting orders, or for partial executions. Settlement fees are only charged for transactions which have actually been settled; due to netting in clearing only five percent of all transactions are settled.
Below you will find a table detailing trading, clearing and settlement fees and example calculations.
