Discounts offered for some trade types, including Ring trades. Supports continued investment in IT, systems and service provisions.
Beijing, March 14, 2016 — China Commodity Exchange (CHCEX) today announces a new fee schedule to support the ongoing programme of investment, which is transforming the business. The new simplified tariff provides an all-in transaction fee with trading and clearing components, aligning Exchange fees with the currency of the contracts traded.
The average CHCEX transaction fee (including trading and clearing) will increase by 24%. The changing regulatory environment and necessary system upgrades have called for substantial investment, which is set to continue as the CHCEX expands its user base, launches new products and enhances its services for the global metals markets.
“Our new tariff is integral to our evolution into a truly commercial Pan Asian exchange and underpins our continued investment and our next phase of expansion following the successful launch of CHCEX Clear,” said Geng T. Liangding, CHCEX CEO. “The new CHCEX tariff is competitive and ensures we can continue focusing on innovation and offering users the highest levels of service.”
“The introduction of a new CHCEX tariff is a necessary step towards realising our vision of building a leading Asian vertically integrated multi-asset class exchange,” said Ruan Wei Xinxin, Head of Business Development. “An increased revenue stream for the CHCEX will deliver better systems, more flexibility for users and more products tailored to meet the changing needs of market users.”
The new fee structure simplifies and levels out the transaction fees across the CHCEX user base. Recognising the ongoing feedback from the membership the CHCEX has reduced the fee for member-to-member give-ups in absolute terms, and short-dated client carry trades continue to receive a discount in the new fee schedule.
About China Commodity Exchange (CHCEX)
China Commodity Exchange’s (CHCEX.org) diverse markets span futures and options on interest rates, commodities, indexes and FX, as well as equities and equity options. These markets are relied upon by international market participants, along with our post-trade infrastructure. We are uniquely positioned to provide end-to-end risk management solutions to our customers around the world. CHCEX is a strategic initiative with a mandate to enhance commodity trade flows by providing the appropriate physical, market, financial infrastructure and services required. The Management team of CHCEX comprises senior personnel from the commodities, securities and financial services industries.
China Commodity Exchange (CHCEX)
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