OneChicago, LLC announced today that it is lowering its standard transaction fee charged to executing brokers for customer transactions in Single Stock Futures by 53% from $0.30 to $0.14. In addition, fees for customer transactions in ETFs and Narrow Based Index futures have been reduced by 50% from $1.00 to $0.50.
The new standard transaction fee structure eliminates any differences between customer, firm or member transaction fees and offers even lower fees based on volume incentives. A new alternative fee schedule is also available for high volume firms who are willing to commit to a minimum monthly charge.
OneChicago's standard transaction fees include all Exchange and clearing fees as well as the mandatory Securities Exchange Act Section 31(d) fee on single stock futures. Transaction fees are assessed on a per-side basis.
OneChicago's transaction fees do not include brokerage commission charges or fees firms are required to pay to self-regulatory organizations such as the National Association of Securities Dealers or the National Futures Association.
The new fee schedule will go into effect April 1, 2007. Please visit the OneChicago website at: http://www.onechicago.com/050000_techno_ops/images/PR07-003.pdf/a> to view the entire tiered fee structure.
The Exchange lists 479 futures on single stocks, five Exchange Traded Funds including four ETFs of the 1,000 share size, as well as eight OneChicago Select Indexes, a series of customer-designed narrow-based security index futures.
