Amendment to the Price List for the Utilization of the Exchange EDP of FWB Frankfurt Stock Exchange and of the EDP XONTRO, valid as of 1 January 2020

Release date: 19 Nov 2019

081/2019 Amendment to the Price List for the Utilization of the Exchange EDP of FWB Frankfurt Stock Exchange and of the EDP XONTRO, valid as of 1 January 2020Xetra Circular 081/19

1.  Introduction

With this circular, we would like to inform you about changes to the Price List for the Utilization of the Exchange EDP of FWB Frankfurt Stock Exchange and of the EDP XONTRO, concerning Part A (Price List T7 and Xetra), valid as of 1 January 2020.

The amendments relate to (a) the introduction of a rating fee for equities assigned to Liquidity Category A (High Liquids), (b) inclusion of money market funds in the fee calculation for Excessive System Usage, (a) and (b) with effect from 1 January 2020, and (c) discontinuation of rebates on connection fees and waiver of minimum transaction fees for new Trading Members with affiliated existing Trading Members with effect from 31 January 2020.

2.  Required action

There is no action required by the Trading Members. 
Please refer to Xetra circular 080/19 for details about the commissioning of a rating for equities assigned to Liquidity Category A (High Liquids).

3.  Details of the amendments

 a)  Introduction of a rating fee for equities assigned to Liquidity Category A (High Liquids)
 With effect from 1 January 2020, Designated Sponsors have to commission explicitly the provision of ratings for equities assigned to Liquidity Category A. For the rating established at the end of the month, a monthly fee of €50 will be charged per equity as of and including January 2020, see no. 3.1 of the Price List T7 and Xetra.
 b)  Inclusion of money market funds in the fee calculation for Excessive System Usage
 For calculation of the fee for Excessive System Usage on trading venue “Xetra”, segment “ETF/ETP” will be extended by transactions and trades in the instrument group(s) “GMF_” (money market funds), see no. 2.2.4 of the Price List T7 and Xetra.
 c)  Discontinuation of rebates on connection fees and waiver of minimum transaction fees with effect from
31 January 2020
 The rebate on connection fees and the waiver of minimum transaction fees for new Trading Members with affiliated existing Trading Members according to no. 1.5 and no. 2.1, respectively, of the Price List T7 and Xetra will be discontinued with effect from 31 January 2020.

The amendments to the Price List T7 and Xetra will be deemed to be approved, unless the Trading Member or Vendor admitted at the Frankfurt Stock Exchange files objections to the amendments with Deutsche Börse AG, Mergenthalerallee 61, 65760 Eschborn, Germany, in writing within six weeks after the amendments’ announcement.
 

Attachment: 

  • Amendments to the Price List for the Utilization of the Exchange EDP of FWB Frankfurt Stock Exchange and of the EDP XONTRO (Price List T7 and Xetra), valid as of 1 January 2020
Recipients:All Xetra® Members and Vendors
Target groups:Traders, Technical Contacts, System Administrators, General
Contact:client.services@deutsche-boerse.com
Web:www.xetra.com
Authorized by:Martin Reck, Andreas Heuer