The pan-European order book tariff to be applied from the first day of trading on virt-x will be as shown below:
Order Book transactions
Value based fee : 0.60 basis points (0.006%) for each party
Transaction based fee: EUR 0.60 per trade for each party
Minimum activity charge: EUR 4,500 per month
As an alternative, members may choose to use the following tariff for the trading of Swiss blue chips. This is equivalent to the existing SWX trading tariff.
Order Book transactions
Agency trade : 1 basis point (0.01%)
Principal trade : 0.3 basis point (0.003%). Maximum charge per transaction EUR 16.00
Minimum activity charge: EUR 65,000 per annum
Rebate of up to 30% related to turnover in Agent orders per member
Off order book transactions for Swiss equities will be charged at the same rate as order book transactions. For all other European equities the rate will be EUR 1.6 per transaction (seller reports).
Commenting on today's announcement Antoinette Hunziker-Ebneter, Chief Executive of virt-x, said: " virt-x will offer its members access to the only market trading the constituents of the major pan-European indices, thus simplifying the process of trading pan-European blue chips. This highly competitive tariff structure is designed to significantly reduce the cost of trading cross border."