London, 2016-06-29 16:34 CEST (GLOBE NEWSWIRE) --
Nasdaq NLX Market Notice: 006 -16
Issue Date: 29 June 2016
Effective Date: 1 July 2016
Nasdaq NLX Execution Fees
This Market Notice details the fees for execution on Nasdaq NLX (“NLX”) for the period 1 July 2016 to 30 September 2016 inclusive.
The NLX Execution Fee Structure
NLX execution business is subject to a single headline fee, per lot per side for Short Term Interest Rate Futures (Euribor and Sterling) and Long Term Interest Rate Futures (Long Gilt, Schatz, Bobl and Bund).
For the period 1 July 2016 to 30 September 2016 inclusive, the following fees will be charged to all Participants:
| GBP Products | EUR Products | |
| Short Term Interest Rate Futures (“STIRs”) | 1.0p | 1.25c |
| Long Term Interest Rate Futures (“LTIRs”) | 1.0p | 1.25c |
Invoicing
NLX execution fees will be charged in currency of product, and will be invoiced and billed to Clearing Participants at the beginning of the calendar month after that in which they were incurred (“M+1”). The invoice will be calculated using the headline fees above.
Where the execution fees above change, this will be notified to the market by Market Notice.
For further information in relation to this Notice, please contact:
Victoria Kent
Sales
Tel: +44 (0) 203 753 2117
Email: victoria.kent@nasdaq.com
