Fees for Trading Warrants and Structured Products on Euronext

Overview:

Euronext's fee thresholds on structured products and how it impacts clients' trading, for both fixed and tiered commission models

Background:

Clients that place orders and trade for more than EUR 6'000 in Warrants and Structured Products will be charged a 2.5 basis points fee with a maximum of EUR 20.

The table below displays the exchange fees for warrants and structured products when trading on Euronext:

Product Group Fee Minimum per Trade Maximum per Trad
Warrants & Structured Products – trade value up to EUR 6’000 0.00 N/A N/A
Warrants & Structured Products – trade value more than EUR 6’000 2.50 bps N/A EUR 20 per Trade

Calculations:

For Cost Plus (Tiered) Clients:

Example: Client wishes to trade structured products on Euronext for a total trade value of EUR 10’000.

Scenario A:

Trade value = EUR 10’000

Fee = 2.5 Bps

As the trade value is above EUR 6’000, the fee of 2.50 bps applies and therefore an additional EUR 2.50 will have to be paid for the trade.

Scenario B:

Order 1:

Trade Value = EUR 5’000

Fee = 0.00

Order 2:

Trade Value = EUR 5’000

Fee = 0.00

As the trade value of each trade is below EUR 6’000, no additional fees apply.

This calculation does not impact clients on the Fixed commission schedule.