London Multi Commodities Exchange Introduces New Lower Fees for Stocks, Futures and Options Trading
LMCEX, has introduced its new low pricing arrangement for stocks, options, futures and equities where investors can be charged payments for as low as $0.001 per share, including all fees and rebates that will be charged to the customers.
- (1888PressRelease) October 19, 2012 - London Multi Commodities Exchange also revealed its new discounted products and services for huge-volume investors, particularly those that trade options with a minimum charge of $0.50 per traded option contract for clients who are actively trading above 15,000 contracts every month. Also, the charge stays at $0.65 per contract for traders who trade the same options if they undertake trades up to 10,000 contracts every month.
"We are offering relatively low pricing structure for investors trading equities with volume based- sliding scale. This price structure will be transformed into much greater discounts for active traders and market participants," said Mr. Marti Hallberg, the Managing director of the London Multi Commodities Exchange. Under the new pricing scheme which is expected to take effect on November 26, this year, the London Multi Commodities Exchange will charge from 0.0030 per share to as low as $0.001 per share based on volume traded. The London Multi Commodities Exchange's charges and fees exclude regulatory and exchange fees which might vary depending on the market places. It may also include discounts from the exchanges which will be compensated by the London Multi Commodities Exchange to its clients.
Furthermore, London Multi Commodities Exchange will charge $0.005 per share for clients who prefer to pay through flat-rate trade execution fee under the same pricing structure which includes regulatory and exchange fees. "Our pricing structure is genuinely innovative for the reason that London Multi Commodities Exchange is setting the internationally accepted standards in terms of trading fees and charges both for individual trader and high-volume investors," Mr. Marti Hallberg maintained.