移動IBKR驗證激活 - 25美元佣金獎勵

佣金獎勵
 
通過下載移動IBKR交易軟件(該軟件包含IB Key雙因素驗證),您的賬戶可獲得25美元的佣金獎勵。
 
保護賬戶安全
 
當您賬戶下的所有使用者都加入了安全登錄系統(SLS)并激活了IB Key,您的賬戶就有資格獲得獎勵。
 
移動IBKR – 交易、驗證及更多功能
 
25美元的佣金獎勵只適用於通過移動IBKR進行的交易。您可通過智能手機交易平台訪問一系列交易、監控和分析工具。該應用軟件中的IB Key工具使您得以快速、無縫地在客戶端或我們的任意交易平台上登錄您的賬戶。更多詳情請見知識庫文章2879
 
如何獲得獎勵?
 
根據IBKB2260中的操作說明安裝并激活移動IBKR軟件。
 
如果您的賬戶有一個以上的使用者,則所有使用者都必須啟用IB Key。
 
您可選擇由哪個賬戶獲得佣金獎勵。您可在完成步驟1和步驟2后在客戶端中選擇。
 
相關資源

為何美國期權的佣金收費各有不同?

IB的期權佣金費用包含兩部分:

1. 歸於IB的執行費用。 對於智能傳遞定單,該費用為每份合約$0.70美元,給定月份超出100,000份合約的定單,每份合約可低至$0.15美元(參見網站了解直接傳遞定單費用、低價期權優惠費率和最低定單費用); 

2. 第三方交易所、監管和/或交易費用。

就第三方費用而言,某些美國的期權交易所會有一個流動性費用/折扣結構,在與IB的執行費用以及其他監管和/或交易費用一起應用時,可能會導致各個定單總的每份合約佣金費用各不相同。 這是由交易所部分的計算所造成的。交易所部分的計算最終結果可能是向客戶支付款項而非收取費用,其取決於一些不受IB控制的因素,包括客戶的定單屬性以及現行買-賣報價。

採用這種流動性費用/折扣模式的交易所會對消耗流動性的定單(即適銷定單)收取費用,而對添加流動性的定單(即非適銷的限價定單)提供折扣返點。費用會因交易所、客戶類型(如公眾客戶、經紀交易商、公司、做市商和專業交易者)和期權底層證券的不同而不同,公眾客戶折扣通常介於$0.10 - $0.42之間,而公眾客戶費用則介於$0.15 - $0.50之間。 

IB有義務將適銷的期權定單傳遞至提供最佳執行價格的交易所,且如果出現多個最佳報價,智能傳遞在決定將定單傳往哪個交易所時會考慮流動性消耗費用(即會將定單傳遞至費用最低或無費用的交易所)。 因此,只有在提供的價格優於市價至少$0.01時,智能傳遞才會將市價定單傳遞至收取更高費用的交易所(鑑於標準期權乘數為100,會產生$1.00的價格改善,大於最高流動性消耗費用)。

有關添加/消耗流動性概念的更多信息以及相關舉例,請參見KB201

添加/消耗流動性

Overview: 

本文旨在對交易所費用、添加/消耗流動性費用以及非組合佣金提供正確的理解。

 

添加或消耗流動性的概念既適用於股票,也適用於股票/指數期權。一個定單是消耗流動性還是添加流動性,取決於定單是適銷還是非適銷。

適銷定單會消耗流動性。
適銷定單要么是市價定單,要么是限價等於或高於/低於當前市價的買入/賣出限價定單。

1. 對於適銷的買入限價定單,限價等於或高於賣價。

2. 對於適銷的賣出限價定單,限價等於或低於買價。

舉例:
XYZ股票當前賣價尺寸/價格為400股/46.00。您輸入一個買入限價定單,即以46.01的價格買入100股XYZ股票。由於定單馬上就能執行,其將被視為適銷定單。如果交易所會對消耗流動性收費,則客戶將需繳納該費用。


 

非適銷定單會添加流動性。
非適銷定單是限價低於/高於當前市價的買入/賣出限價定單。

1. 對於非適銷的買入限價定單,限價低於賣價。

2. 對於非適銷的賣出限價定單,限價高於買價。

舉例:
XYZ股票當前賣價尺寸/價格為400股/46.00。您輸入一個買入限價定單,即以45.99的價格買入100股XYZ股票。由於定單將被作為最佳買價發布至市場,而不會立即執行,其將被視為非適銷定單。
若有人發送了一個適銷的賣出定單,從而使您的買入限價定單得以執行,則如果有添加流動性返點,您會收到一定折扣(返點)。

請注意:
1. 所有交易期權的賬戶均需就消耗/添加流動性繳納/享受期權交易所費用或返點。
2. 根據IB網站,消耗/添加流動性費用表下只有負數才是折扣(返點)。

https://www.interactivebrokers.com.hk/cn/index.php?f=2356
股票與期權佣金/費用請參見上方鏈接。

中華通—滬港通/深港通

滬港通與深港通(統稱“中華通”) 是一項互聯互通機制,香港和國際投資者可以通過香港聯合交易所有限公司(以下簡稱“香港聯交所”)及其清算所交易并清算上海證券交易所(以下簡稱“上交所”)和深圳證券交易所(以下簡稱“深交所”)的上市股票。

上交所/深交所有不同類型的掛牌證券,但滬港通和深港通目前階段只能交易A股(在中國證券交易所交易的大陸公司股票)。

滬股通股票包括所有上證180指數與上證380指數的成分股,以及不在上述指數成份股內但有H股同時在聯交所上市及買賣的上交所A股。

滬港通上交所產品列表和股票代碼

深港通股票包括深證成份指數和深證中小創新指數成份股中所有市值不少於60億元人民幣的成份股,以及有相關H股在聯交所上市的所有深交所上市A股。

深港通深交所產品列表和股票代碼

盈透交易上交所/深交所證券的佣金

與交易港股的佣金相同,盈透只向客戶收取交易額的0.08%作為佣金費用,每筆定單的最低佣金為15元人民幣。交易所要求的交易所費用、清算費用和印花稅將另行徵收。費用詳情請參見滬港通及深港通–北向交易費用表。

每日額度

通過滬港通和深港通達成的交易設有每日額度限制。每日額度根據“淨買槃”計算,會限制滬港通和深港通下每日跨境交易的最高買槃淨額。

如果北向每日額度余額在開市集合競價時段降至零或交易已超過余額,則新的買槃將被駁回。如果北向每日額度余額在持續競價時段或收槃集合競價時段降至零或交易已超過余額,則當天都不會再接受買槃。聯交所將於下一交易日再恢復北向買槃服務。

聯交所也會公布總額度和每日額度的余額情況。

詳情請參見聯交所滬港通/深港通常見問題聯交所滬港通/深港通規則1407

滬港通/深港通交易信息

交易貨幣

人民幣

定單類型

盈透提供多種定單類型,但會以限價定單的形式執行交易。詳情請參見我們的網站

 

最低上落價位/價差d

統一為人民幣0.01元

每手單位

100股(僅適用於買槃)

碎股

僅限賣槃(應只在一個定單中出現碎股)

最大買賣槃

100萬股

價格限制

前一日收槃價的±10%(對於被納入風險警示版的股票,即ST和*ST股票,則為前一日收槃價的±5%)

日內(回轉)交易

不允許

大宗交易

不支持

非自動對槃交易

不支持

定單修改

盈透會取消并替換定單

結算周期

證券:T

滬港通/深港通交易的現金款項:T+1

外匯*:T+2

*由於結算周期不同步,交易離岸人民幣的客戶應於股票交易的前一日(T-1)執行外匯交易,以避免不必要的利息(在不涉及假日的證券結算程序下)。

交易時段(香港時間)

上交所/深交所交易時段

交易時間

開市集合競價

09:15 - 09:25

連續競價(早市)

09:30 – 11:30

連續競價(午市)

13:00 – 14:57

收市集合競價

14:57 – 15:00

注:上交所和深交所在上午09:20到09:25和下午14:57到15:00之間不受理取消定單的請求。

半日市

若某一北向交易日為香港市場的半日市,則北向交易將繼續開放直至相關中華通市場收市。有關滬股通及深股通的節假日交易安排和其它信息,請參見香港交易所網站。

披露責任

如果客戶持有或控制中國內地上市發行人已發行股份達5%,則其必須於達到5%的三個工作日內以書面形式向中國證監會及相關交易所上報,并通知該上市發行人。

在這一三個工作日的通知期內,客戶不得繼續買賣有關上市發行人的股份。更多信息請訪問IBKR知識庫

持股限制

單個境外投資者在一家中國內地上市公司的持股比例不得超過該公司已發行股份總數的10%;所有境外投資者在一家上市公司A股的持股比例總和不得超過該公司已發行股份總數的30%。更多信息請訪問IBKR知識庫

強制出售

根據現行中國內地法規,每位盈透客戶在一家上交所/深交所掛牌公司的持股不得超過該公司已發行股份總數的指定百分比。如果持股超出以下指定比例, 香港交易所將要求客戶執行強制出售安排

情境

持股

單個境外投資者

大於等於掛牌公司已發行股份總數的10%

所有境外投資者

大於等於掛牌公司已發行股份總數的30%

保證金融資

中華通證券的保證金交易將受到限制,僅部分A股可以進行保證金交易。上交所和深交所會不時更新可以使用保證金的證券名單,詳情請參見香港交易所網站

根據上交所和深交所相關規定,如果某只A股保證金交易活動的交易量超出規定的上限,則上交所和深交所可暫停該股票在其市場的保證金交易活動。保證金交易量降至規定上限以下時,市場會再恢復該股票的保證金交易活動。

可供借貸股票

中華通證券的股票借貸受上交所和深交所的限制規限,有關內容已納入聯交所的《交易所規則》之中。
盈透暫時不提供此項服務。

合資格賣空證券

供賣空用的證券借貸將僅限於可通過滬港通和深港通同時買入和賣出的中華通證券,即不包括只可賣出的中華通證券。
盈透暫時不提供此項服務。

節假日安排

客戶只能在香港及內地市場均開放交易且兩地銀行於相應的結算日均開放服務的工作日交易中華通。此安排將確保兩地市場投資者和經紀商可在相關結算日通過銀行收發相關款項。

下表列舉了上交所/深交所證券北向交易的節假日安排:

 

內地

香港

是否開放北向交易

第一天

工作日

工作日

開放

第二天

工作日

工作日

不開放,款項結算日當天香港市場不開市

第三天

工作日

公共假日

不開市,交易日當天香港市場不開市

第四天

公共假日

工作日

不開放,內地市場不開市

惡劣天氣情況

惡劣天氣情況下的交易安排可參見香港交易所網站

在哪里可以了解更多信息?

要了解有關滬港通和深港通的更多信息,請點擊下方的交易所網站鏈接:

如關於滬港通/深港通有任何疑問,請聯系盈透客戶服務獲取更多信息。

Hong Kong - China Stock Connect

Hong Kong – China Stock Connect (“China Connect”) is a mutual market access program through which Hong Kong and international investors can trade shares listed on the Shanghai Stock Exchange (SSE) and Shenzhen Stock Exchange (SZSE) via the Stock Exchange of Hong Kong (SEHK) and their existing clearinghouse. As a member of SEHK, IBKR provides you with direct access to trade with eligible listed products on the Shanghai and Shenzhen Stock Exchange. IBKR clients with China Connect trading permissions will be eligible to trade SSE/SZSE securities through Shanghai and Shenzhen - Stock Connect.

Among the different types of SSE/SZSE-listed securities, only A shares (shares in mainland China-based companies that trade on Chinese stock exchange) are included in the Shanghai and Shenzhen Stock Connect.

Shanghai Connect includes all the constituent stocks of the SSE 180 Index, SSE 380 Index and all the SSE-listed A shares that have corresponding H shares listed on the SEHK.

Product List and Stock Codes for SSE

Shenzhen Connect includes all the constituent stocks of the SZSE Component Index, the SZSE Small/Mid Cap Innovation Index that have a market capitalization of not less than RMB 6 billion and all the SZSE-listed A shares that have corresponding H shares listed on SEHK.

Product List and Stock Codes for SZSE

IBKR Commission for Trading SSE/SZSE Securities

Same as trading Hong Kong stocks, IBKR charges only 0.08% of trade value as a commission with a minimum CNH 15 per order. Detailed fee rates can be found in the Hong Kong – China Stock Connect Northbound fee table.

Daily Quota

Trading under Shanghai Connect and Shenzhen Connect is subject to a Daily Quota. The Daily Quota is applied on a “net buy” basis. The Daily Quota limits the maximum net buy value of cross-boundary trades under Shanghai Connect and Shenzhen Connect each day.

If the Northbound Daily Quota Balance drops to zero or the Daily Quota is exceeded during the opening call auction session, new buy orders will be rejected. Or if it happens during a continuous auction session or closing call auction session, no further buy orders will be accepted for the remainder of the day. SEHK will resume the Northbound buying service on the following trading day.

SEHK will also publish the remaining balance of the Aggregate Quota and Daily Quota.

For details, please refer to HKEX Stock Connect FAQ or HKEX Stock Connect Rule 1407

Trading Information of Shanghai and Shenzhen Connect

Trading currency

RMB

Order Type

IBKR offers various order types but will stimulate the order into limit order for execution. More information can be referred to our website.

 

Tick Size / Spread

Uniform at RMB 0.01

Board Lot

100 shares (applicable for buyers only)

Odd Lot

Sell orders only (odd lot should be made in one single order)

Max Order Size

1 million shares

Price Limit

±10% on previous closing price (±5% for stocks under special treatment under risk alert, i.e. ST and *ST stocks)

Day (Turnaround) Trading

Not allowed

Block Trade

Not available

Manual Trade

Not available

Order Modification

IBKR will cancel and replace the order for any order

modification

Settlement cycle

Securities: Settlement on T day

Cash from China Connect trades: Settlement on T+1 day

Forex*: Settlement on T+2 day

*Due to the unsynchronized settlement cycle, clients who exchange CNH themselves should execute the Forex trade one day prior to the stock trade (T-1) to avoid the extra day’s interest payment (considering normal settlement without involving holidays).

Trading Hours

SSE/SZSE Trading Sessions

SSE/SZSE Trading Hours

Opening Call Auction

09:15 - 09:25

Continuous Auction (Morning)

09:30 – 11:30

Continuous Auction (Afternoon)

13:00 – 14:57

Closing Call Auction

14:57 – 15:00

Note: SSE and SZSE will not accept order cancellations from 09:20 to 09:25 and 14:57 p.m. to 15:00.

Half-day Trading

If a Northbound trading day is a half-trading day in the Hong Kong market, it will continue until respective Connect Market is closed. Refer to the exchange website for holiday trading arrangements and additional information.

Disclosure Obligation

If client holds or controls up to 5% of the issued shares of China Connect, the client is required to report in writing to the China Securities Regulatory Commission (“CSRC”) and the relevant exchange, and inform the Mainland listed company within three working days of reaching 5%.

The client is not allowed to continue purchasing or selling shares in that Mainland listed company during the three days notification period. Visit the IBKR Knowledge Base for more information.

Shareholding Restriction

A single foreign investor’s shareholding in a Mainland listed company is not allowed to exceed 10% of the company’s total issued shares, while all foreign investors’ shareholding in the A shares of the listed company is not allowed to exceed 30% of its total issued shares. Visit the IBKR Knowledge Base for more information.

Forced-sale Arrangement

Each IBKR client is not allowed to hold more than a specific percentage of the China Connect listing company's total issued shares. HKEX requires the client to follow the forced-sell requirements if the shares exceed the limit:

Situation

Shareholding (in a listed company)

A single foreign investor

> = 10% of the company’s total issued shares

All foreign investors

> = 30% of the company’s total issued shares

Margin Financing

Margin trading in China Connect securities will subject to restrictions and only certain A shares will be eligible for margin trading. Eligible Securities, as determined by SSE and SZSE from time to time, are listed on the HKEX website

According to the relevant rules of SSE and SZSE, either market may suspend margin trading activities in specific A shares when the volume of margin trading activities for a specific A share exceeds the prescribed threshold. The market will resume margin trading activities in the affected A share when its volume drops below a prescribed threshold.

Stock Borrowing and Lending (SBL)

SBL in China Stock Connect Securities is subject to restrictions set by the SSE or SZSE and stated in the Rules of the Exchange.
IBHK does not offer this service at the moment.

Eligible Short Selling Securities

SBL for the purpose of short selling will be limited to those China Stock Connect Securities that are eligible for both buy orders and sell orders through Shanghai and Shenzhen Connect (i.e., excluding Connect Securities that are only eligible for sell orders).
IBHK does not offer this service at the moment.

Holidays

Clients will only be allowed to trade China Connect on days where Hong Kong and Mainland markets are both open for trading and banking services are available in both Hong Kong and Mainland markets on the corresponding settlement days. This arrangement is essential in ensuring that investors and brokers will have the necessary banking support on the relevant settlement days when they will be required to make payments.

The following table illustrates the holiday arrangement of Northbound trading of SSE/SZSE Securities:

 

Mainland

Hong Kong

Open for Northbound Trading

Day 1

Business Day

Business Day

Yes

Day 2

Business Day

Business Day

No, HK market closes on money settlement day

Day 3

Business Day

Public Holiday

No, HK market closes on trading day

Day 4

Public Holiday

Business Day

No, Mainland market closes

Severe Weather Conditions

Information on the trading arrangement available under severe weather conditions can found on the HKEx website

Where to Learn More?

Please refer to the following exchange website links for additional information regarding Hong Kong China Stock Connect:

If you have any questions regarding Hong Kong-China Stock Connect, please contact IBKR Client Services for further information.
 

Shares subject to the Italian Financial Transaction Tax

The following table lists the companies included in the scope of the Italian Financial Transaction Tax as of January 2016. Based on information provided by the Ministry of Finance, the FTT is applicable to

  • Transfer of shares issued by Italian companies
  • Transfer of securities representing the above (ADRs and GDRs) irrespective of the issuer
  • Companies with an average market capitalization lower than EUR 500 Million in the month of November of the previous year will be exempt

The list of companies provided below is being done on a best efforts basis and may be subject to change at any time without prior notification.

Symbol  Description
A2A  A2A SPA 
AEMMY  A2A SPA-UNSPONSORED ADR 
ACE  ACEA SPA 
SAVE AEROPORT DI VENEZIA MARCO POLO
KRS AION RENEWABLES SPA
AZA ALITALIA
AXN  AMPLIFON SPA 
ANIM ANIMA HOLDING
STS  ANSALDO STS SPA 
ASDOY  ANSALDO STS SPA-UNSPON ADR 
AP ANTICHI PELLETTIERI SPA
ASC ASCOPIAVE SPA
ASSICURAZIONI GENERALI 
ARZGY  ASSICURAZIONI GEN-UNSPON ADR 
GASIN ASSICURAZIONI GENERALI
ASG ASSICURAZIONI GENERALI
AST  ASTALDI SPA
ATL  ATLANTIA SPA 
ATASY  ATLANTIA SPA-UNSPONSORED ADR 
AGL  AUTOGRILL SPA 
ATGSY AUTOGRILL SPA - UNSPON ADR
AT ATM SPA
MLALZ AZ LEASING
AZM  AZIMUT HOLDING SPA 
CRG  BANCA CARIGE SPA 
CRGR  BANCA CARIGE SPA-RSP 
BGN  BANCA GENERALI SPA 
IF BANCA IFIS SPA
BIM1 BANCA INTERMOBILIARE SPA
BMPS  BANCA MONTE DEI PASCHI SIENA 
AMDPY BANCA MONTE DEI PASCHI SIENA  UNS ADR
BMDPY BANCA MONTE DEI-UNSPON ADR
CVAL BANCA PICCOLO CREDITO VALTELLINESE SCARL
BPE  BANCA POPOL EMILIA ROMAGNA 
BPXXY BANCA POPOL EMILIA-UNSP ADR
PMI  BANCA POPOLARE DI MILANO 
BPSO  BANCA POPOLARE DI SONDRIO 
BPMLY  BANCA POPOLARE DI-UNSPON ADR 
BP  BANCO POPOLARE SCARL 
BPSAY  BANCO POPOLARE SCARL-UNS ADR 
BNS  BENI STABILI SPA 
BRE1  BREMBO SPA 
BC  BRUNELLO CUCINELLI SPA 
BCUCY BRUNELLO CUCINELLI SPA  UNS ADR
BZU  BUZZI UNICEM SPA 
BZUR  BUZZI UNICEM SPA-RSP 
BZZUY  BUZZI UNICEM SPA-UNSPON ADR 
CEM2
CEMENTIR HOLDING SPA
CERV CERVED INFORMATION SOLUTIONS
CIR  CIR SPA 
COPN  COSMO PHARMACEUTICALS SPA 
CQ1  COSMO PHARMACEUTICALS SPA 
CE  CREDITO EMILIANO SPA 
DAS  DANIELI & CO. 
DANR  DANIELI & CO-RSP 
DNIYY  DANIELI & CO-UNSPONSORED ADR 
DAL1 DATALOGIC SPA
CPR  DAVIDE CAMPARI-MILANO SPA 
DVDCY  DAVIDE CAMPARI-MI-UNSPON ADR 
DLN  DE'LONGHI SPA 
DLC DELCLIMA
DIA  DIASORIN SPA 
DASOY  DIASORIN SPA-ADR 
EIT  EI TOWERS SPA 
EGPW  ENEL GREEN POWER SPA 
ENEL  ENEL SPA 
ENLAY  ENEL SPA - UNSPON ADR 
ENELN ENEL SPA
ENG ENGINEERING SPA
ENI  ENI SPA 
ENI SPA-SPONSORED ADR 
EN  ENI SPA-SPONSORED ADR 
ERG  ERG SPA 
MLEBX ESSERE BENESSERIE SPA
EXO  EXOR SPA 
EXON EXOR SPA
EXP  EXOR SPA - PRF 
RACE FERRARI NV
RACE FERRARI NV
FIM
FIAT INDUSTRIAL 
FIAT SPA 
FRM  FIAT SPA-RSP 
FIATY  FIAT SPA-SPONS ADR 
FCT1 FINCANTIERI SPA
FBK FINECOBANK SPA
FNC  FINMECCANICA SPA 
FINMY  FINMECCANICA SPA-UNSPN ADR 
FSA  FONDIARIA-SAI SPA 
FSAR  FONDIARIA-SAI SPA - RSP 
FSRB  FONDIARIA-SAI SPA B SAVING S 
GEO  GEOX SPA 
GXSBY  GEOX SPA-UNSPONSORED ADR 
GN3 GNM - GOOD NEWS MEDIA GROUP
GPEDY GRUPPO EDITORIALE L-UNS ADR
HER  HERA SPA 
MLHTT HIGHTEL TOWERS SPA
IGD IMMOBILIARE GRANDE DISTRIBUZ
IPG  IMPREGILO SPA 
IPGR  IMPREGILO SPA-RSP 
IMPJY  IMPREGILO SPA-UNSPON ADR 
IMA  INDUSTRIA MACCHINE AUTOMATIC 
INW1 INFRASTRUTTURE WIRELESS ITAL
IP  INTERPUMP GROUP SPA 
ISP  INTESA SANPAOLO 
ISPN INTESA SANPAOLO
ISNPY  INTESA SANPAOLO SPON ADR 
ISPR  INTESA SANPAOLO-RSP 
IRE  IREN SPA 
IRDEY  IREN SPA-UNSPON ADR 
IT  ITALCEMENTI SPA 
ITR  ITALCEMENTI SPA -RSP 
ITALY  ITALCEMENTI SPA-UNSPONS ADR 
ITM ITALMOBILIARE SPA
ITMR ITALMOBILIARE SPA
ITPG ITP ENERGY CORP
CRE LA GIOVANNI CRESPI SPA
MLLB LUIGI BOTTO
LTO  LOTTOMATICA GROUP SPA 
GTKYY LOTTOMATICA SPA-SPON ADR 
LUX  LUXOTTICA GROUP SPA 
LUX  LUXOTTICA GROUP SPA-SPON ADR 
3OY MAIRE TECNIMONT SPA
MARR MARR SPA
MS  MEDIASET SPA 
MDIUY  MEDIASET SPA-SPONSORED ADR 
MB  MEDIOBANCA SPA 
MDIBY  MEDIOBANCA SPA-UNSPONSOR ADR 
MLMCE MEDIOCREDITO EUROPEO SPA
MED  MEDIOLANUM SPA 
MDLAY  MEDIOLANUM SPA-UNSPONSOR ADR 
MONC1 MONCLER SPA
MTV MONDO TV SPA
NTZ NATUZZI SPA SP ADR
OVS OVS SPA
PLT  PARMALAT SPA 
PRF PARMALAT FINANZIARIA
PIA  PIAGGIO & C. S.P.A. 
PIAN PIAGGIO & C. S.P.A.
PC  PIRELLI & C. 
PCP  PIRELLI & C.-RSP 
PST POSTE ITALIANE SPA
1913 PRADA S.P.A. 
PRP  PRADA S.P.A. 
PRDSY  PRADA S.P.A.-UNSP ADR 
PRAM PRAMAC SPA
PRY  PRYSMIAN SPA 
PRYMY  PRYSMIAN SPA-UNSPONSOREE ADR 
RWAY RAI WAY SPA
REC  RECORDATI SPA 
REY REPLY SPA
SFL SAFILO GROUP SPA
SAFLY SAFILO GROUP SPA
SFLN SAFILO GROUP SPA
ALWOO SAFWOOD SPA
SPM  SAIPEM SPA 
SAPMY  SAIPEM SPA-UNSPON ADR 
SPMR  SAIPEM-RCV 
SALR SALINI IMPREGILO SPA-RSP
SFER  SALVATORE FERRAGAMO SPA 
SFRGY SALVATORE FERRAGAMO SPA
SRS  SARAS SPA 
SAAFY  SARAS SPA-UNSP ADR 
MLSMP SEMPLICEMENTE SPA
SII2 SINTESI SOCIETA DI INVESTIME
SNMRY  SNAM RETE GAS-UNSPONSOR ADR 
SRG  SNAM SPA 
SRGN SNAM SPA
CASS SOCIETA CATTOLICA DI ASSICURAZIONI SCRL
SIS SOCIETA INIZLATIVE AUTOSTADALI E SERVIZI SPA
SOL SOL SPA
SORN  SORIN SPA 
RIJ SORIN SPA
SPNV SPAZIO INVESTMENT
TIP TAMBURI INVESTMENT PARTNERS
TEW TE WIND SA
TIT  TELECOM ITALIA SPA 
TI A  TELECOM ITALIA SPA-SPON ADR 
TI  TELECOM ITALIA SPA-SPON ADR 
TIN  TELECOM ITALIA SPA-SPON ADR 
TITR  TELECOM ITALIA-RSP 
TRN  TERNA SPA 
TEZNY  TERNA SPA-UNSPONSORED ADR 
TOD  TOD'S SPA 
TDPAY  TOD'S SPA - UNSP ADR 
UCG  UNICREDIT SPA 
UCGR
UNICREDIT SPA-RSP 
UCGN UNICREDIT SPA
UNI  UNIPOL GRUPPO FINANZIARIO SP 
UBI UNIONE DI BANCHE ITALIANE SCPA
BPPUY UNIONE DI BANCHE ITALIANE SCPA
UNIP  UNIPOL GRUPPO FINANZIARI-PRF 
UFGSY  UNIPOL GRUPPO-UNSPON ADR 
US UNIPOLSAI SPA
URH UR HOLDING SPA
VAS VITORIA ASSICURAZIONI SPA
WDF WORLD DUTY FREE SPA
YOOX  YOOX SPA 
YXOXY  YOOX SPA-UNSPON ADR 
ZV ZIGNAGO VETRO SPA
 

Information Regarding the French Financial Transaction Tax

Overview: 

This document is designed to provide an overview of how the French Financial Transaction Tax will be handled by Interactive Brokers.

Effective August 1, 2012, a new tax will be implemented on the purchase of certain French securities.

Tax Rate

The initial announced tax rate was to be 0.10%; however based on updated information the applied tax rate is intended to be 0.20%.

Effective January 1, 2017 the rate will increase from 0.20% to 0.30%.

Scope

The FTT will be applied to shares of companies whose head office is located in France and whose market capitalisation exceeds EUR 1 billion. The French authorities will update a list each December with the names of companies which meet these requirements. At its launch, 109 French companies will fall under the scope of the FTT.

The purchase of a derivative contract is not subject to the FTT; however the acquisition of the underlying stock upon exercise or delivery of the derivative instrument will be subject to FTT. Similarly a convertible instrument will become subject to the FTT upon conversion or exchange into the stock.

American Depsitory Receipts (ADRS) are similarly subject to the FTT however the implementation date has been delayed to December 1, 2012.

Corporate action events which result in the acquisition of a French security subject to the FTT regulation, will have tax applied at the processing date.

Under the present rules, you can trade CFDs on French shares without incurring FTT in the same way as you are able to trade UK share CFDs without incurring stamp duty. All shares affected by the French FTT are available to trade as IB CFDs.

Please click here for for detailed information and frequently asked questions about our CFD offering.

 

Calculation Method

The legislation allows for the application of FTT based on the daily net purchase per final beneficiary. As an Investment Services Provider (ISP), Interactive Brokers will report FTT to our various clearing agents. As such, transactions will be eligible for netting if the shares settle at the same location. For instance, purchases and sales in France may be netted; however a purchase in France will not be netted against a sale in Germany.

 

 

 

 

Shares Subject To The French Financial Transaction Tax

The following table lists the companies included in the scope of the French Financial Transaction Tax as of January 2017. Based on the French declaration, companies meeting the following qualifications would fall within the scope of the FTT

  • Listed on a French or foreign regulated market
  • Issued by a company whose headquartered in France and whose capitalisation exceeds one billion euro on 1 December 2016 (reviewed annually)

The list of companies provided below is being done on a best efforts basis and may be subject to ammendments at any time and without notification.

The list of ADRs which will become subject to the French Financial Transaction Tax are detailed at the bottom of this page.

Description  Symbol 
ACCOR SA  AC, ACCN
ADP  ADP, ADPN
AIR FRANCE-KLM  AF 
AIR LIQUIDE SA  AI, AIN
ALSTOM  ALO 
ALTAREA  ALTA 
ALTEN ATE
ALTRAN TECHN. ALT
AMUNDI SA AMUN

AREVA 

A9RB 
ARKEMA  AKE, AKEN
ARTOIS NOM ARTO
ATOS  ATO 
AXA SA  CS, AXAN
BENETEAU 3GD
BIOMERIEUX  BIM 
BNP PARIBAS  BNP, BNPN
BOIRON SA BOI
BOLLORE  BOL, BOLNV
BOUYGUES SA  EN 
BUREAU VERITAS SA  BVI 
BURELLE BUR
CAP GEMINI .  CAP 
CARREFOUR SA  CA, CAN
CASINO GUICHARD PERRACHON  CO 
CFAO  CFAO 
CHRISTIAN DIOR  CDI, CDIN
CNP ASSURANCES  CNP 
COLAS SA  RE 
COMPAGNIE DE SAINT-GOBAIN  GOB, SGO
COMPAGNIE DU CAMBODGE  CBDG 
CREDIT AGRICOLE SA  ACA, ACA1
DANONE  DAN, BN, BNN
DASSAULT AVIATION SA  AM, DSY
DBV TECHNOLOGIES SA DBV
DIRECT ENERGIE DIREN
EDENRED  EDEN 
EDF  EDF 
EIFFAGE  FGR 
ELIOR PARTICIPATIONS SCA ELIOR, ELINV
ELIS SA ELIS
ENGIE GSZ, ENGI
ERAMET ERA
ESSILOR INTL.  EF, EI. EIN
EULER HERMES SA  ELE1 
EURAZEO  RF 
EUROSIC ERSC
EUTELSAT COMMUNICATIONS  ETL, ETLN
FAIVELEY TRANSPORT FAI
FAURECIA  EO 
FFP FFP
FIMALAC FIM
FINANCIERE DE L'ODET  ODET 
FONCIERE DE PARIS SIIC FDPA
FONCIERE DES MURS FMU
FONCIERE DES REGIONS  DREG 
FONCIERE LYONNAISE  FLY 
FROMAGERIES BEL FB
ORANGE
FTE, ORA
GAZTRANSPORT ET TECHNIGA GTT1
GECINA SA  GFC 
RAMSAY GENERALE DE SANTE GDS
GROUPE EUROTUNNEL SA - REGR  GET 
GROUPE FNAC FNAC
HAVAS SA  HAV 
HERMES INTL  RMS, RMSN
ICADE  EMGP 
ILIAD SA  ILD 
IMERYS SA  NK 
INGENICO  ING2, ING
IPSEN  IPN 
IPSOS IPS
JC DECAUX SA  DEC, DECN
KERING PP, KER, KERN
KLEPIERRE  LI 
KORIAN-MEDICA KORI
L.D.C. SA LOUP
LAGARDERE S.C.A.  MMB 
LEGRAND SA  LR 
LISI FII
L'OREAL  OR, ORN
LVMH MOET HENNESSY LOUIS VUI  MC, MCN
M6-METROPOLE TELEVISION  MMT 
MAISONS DU MONDE SA MDM
MERCIALYS  MERY 
MICHELIN (CGDE)  ML, MLN
NATIXIS  KN 
NEXANS SA  NEX 
NEXITY NXI
SFR GROUP SA SFR
ORPEA  ORP 
PERNOD-RICARD SA  RI 
PEUGEOT S.A.  UG, UGN
PLATIC OMNIUM POM
PUBLICIS GROUPE  PUB, PUBN
REMY COINTREAU  RMC, RCO
RENAULT SA  RNO 
REXEL SA RXL
ROTHSCHILD & CO PAOR
RUBIS  RUI 
SAFRAN SA  SAF 
SANOFI  SAN 
SARTORIUS STEDIM BIOTECH DIM
SCHNEIDER ELECTRIC SA  SU, SUN, SNE
SCOR SE  SCR 
SEB SA  SK 
SOCIETE BIC SA  BB 
SOCIETE GENERALE  GLE, GLEN
SODEXO  SW 
SOMFY SA  SO 
SOPRA STERIA GROUP SOP
SPIE SA SPIE
STEF STF
STE IND & FIN DE L'ARTOIS SA ARTO
SUEZ ENVIRONNEMENT CO  SEV 
TARKETT TKTT
TECHNICOLOR TMS
TECHNIP SA  TEC, TECN
TELEPERFORMANCE RCF, RCFN
TELEVISION FRANCAISE (T.F.1)  TFI 
THALES SA.  HO 
TOTAL SA  FP 
TRIGANO SA TGO
UBISOFT ENTERTAIN UEN, UBI
UNIBAIL-RODAMCO SE  ULA 
UNIBEL UNBL
VALEO SA  FR, VALOFN, FRT
VALLOUREC  VK 
VEOLIA ENVIRONNEMENT  VIE 
VICAT VCT
VILMORIN & CIE  RIN 
VINCI SA  DG 
VIRBAC SA  VIR 
VIVENDI  VIV 
WENDEL  MF 
WORLDLINE SA WLN
ZODIAC AEROSPACE  ZC, ZCNV

 

The following is a list of ADRs which are subject to the French Financial Transaction Tax in 2017. ADRs became subject to the FTT effective December 1, 2012.

 

Description  Symbol 
ACCOR SA-UNSPON ADR  ACRFY 
AIR FRANCE-KLM-ADR  AFLYY 
AIR LIQUIDE-UNSPONSORED ADR  AIQUY 
ALSTOM SA-UNSPON ADR  ALSMY 
ALTRAN TECHNOLOGIES - SP ADR ALTKY
AREVA CIP-UNSPONSORED ADR  ARVCY 
ARKEMA-SPONSORED ADR  ARKAY 
ATOS ORIGIN SA - UNSP ADR AEXAY
AXA -SPONS ADR  AXAHY 
BNP PARIBAS-ADR  BNPQYN 
BNP PARIBAS-ADR  BNPQY 
BOUYGUES-UNSPONSORED ADR  BOUYY 
CAPGEMINI SA - UNSPONSOR ADR  CGEMY 
CARREFOUR SA-SP ADR  CRRFY 
CASINO GUICHARD P - SPON ADR  CGUSY 
CHRISTIAN DIOR SA-UNSPON ADR  CHDRY 
CIE GEN GEOPHYSIQUE-SP ADR  CGV 
CNP ASSURANCES-UNSPON ADR  CNPAY 
COMPAGNIE DE SANT - UNSP ADR CODYY
CREDIT AGRICOLE SA-UNSP ADR  CRARY 
DANONE-SPONS ADR  DANOY 
DASSAULT SYSTEMES SA-ADR  DASTY 
DBV TECHNOLOGIES SA - SPON ADR DBVT
EDENRED DA - UNSP ADR EDNMY
EDF-UNSPON ADR  ECIFY 
EIFFAGE-UNSPON ADR  EFGSY 
ENGIE - SPON ADR ENGIY
ERAMET - UNSPON ADR ERMAY
ESSILOR INTL-UNSPON ADR  ESLOY 
EUTELSAT COMMUNICAT-UNSP ADR  ETCMY
ORANGE (FRANCE TELECOM SA-SPONS ADR) ORAN
ORANGE (FRANCE TELECOM SA-SPONS ADR)
ORANN
FAURECIA SA - SPONSORED ADR FURCY
GROUPE EUROTUNNEL SA - UNS ADR GRPTY
HERMES INTL-UNSPONSORED ADR  HESAY 
ILIAD SA - UNSPON ADR ILIAY
INGENICO-UNSP ADR  INGIY 
IPSEN SA-SPONSORED ADR  IPSEY 
KERING - UNSPONSORED ADR PPRUY
LOREAL-UNSPONSORED ADR  LRLCYN 
LOREAL-UNSPONSORED ADR  LRLCY 
LVMH MOET HENNESSY-UNSP ADR  LVMUY 
MICHELIN (CGDE)-UNSPON ADR  MGDDY 
NATIXIS - UNSPONSORED ADR NTXFY
PERNOD-RICARD SA-UNSPON ADR  PDRDY 
PEUGEOT SA-SPONSORED ADR  PEUGY 
PUBLICIS GROUPE-ADR  PUBGY 
REMY COINTREAU UNSP ADR REMYY
RENAULT SA - UNSP ADR RNLSY
REXEL SA - UNSP ADR RXEEY
RUBIS - UNSP ADR RBSFY
SAFRAN SA-UNSPON ADR  SAFRY 
SANOFI-ADR  SNY 
SCHNEIDER ELECT SA-UNSP ADR  SBGSY 
SCOR-SPONSORED ADR  SCRYY 
SOCIETE GENERALE-SPONS ADR  SCGLY 
SODEXO-SPONSORED ADR  SDXAY 
SUEZ ENVIRONNEMEN-UNSPON ADR  SZEVY 
TECHNICOLOR - SPON ADR TCLRY
TECHNIP SA-ADR  TKPPY 
TELEPERFORMANCE-UNSPON ADR TLPFY
TOTAL SA-SPON ADR  TOT 
TOTAL SA-SPON ADR  TOTN 
UBISOFT ENTERTAIN - UNSPON ADR UBSFY
UNIBAIL-RODAMCO SE-UNSP ADR  UNRDY 
VALEO SA-SPON ADR  VLEEY 
VALLOUREC SA-SPN ADR  VLOWY 
VEOLIA ENVIRONNEMENT-ADR  VE 
VINCI S.A.-UNSPONS ADR  VCISY 
VIVENDI SA-UNSPON ADR  VIVHY 
ZODIAC AEROSPACE-UNSPON ADR  ZODFY 

 

 

Why Do Commission Charges on U.S. Options Vary?

IBKR's option commission charge consists of two parts:

1. The execution fee which accrues to IBKR.  For Smart Routed orders this fee is set at $0.65 per contract, reduced to as low as $0.15 per contract for orders in excess of 100,000 contracts in a given month (see website for costs on Direct Routed orders, reduced rates on low premium options and minimum order charges); and 

2. Third party exchange, regulatory and/or transaction fees.

In the case of third party fees, certain U.S. option exchanges maintain a liquidity fee/rebate structure which, when aggregated with the IBKR execution fee and any other regulatory and/or transaction fees, may result in an overall per contract commission charge that varies from one order to another.  This is attributable to the exchange portion of the calculation, the result of which may be a payment to the customer rather than a fee, and which depends upon a number of factors outside of IBKR's control including the customer's order attributes and the prevailing bid-ask quotes.

Exchanges which operate under this liquidity fee/rebate model charge a fee for orders which serve to remove liquidity (i.e., marketable orders) and provide a credit for orders which add liquidity (i.e., limit orders which are not marketable). Fees can vary by exchange, customer type (e.g., public, broker-dealer, firm, market maker, professional), and option underlying with public customer rebates (credits) generally ranging from $0.10 - $0.90 and public customer fees from $0.01 - $0.95. 

IBKR is obligated to route marketable option orders to the exchange providing the best execution price and the Smart Router takes into consideration liquidity removal fees when determining which exchange to route the order to when the inside market is shared by multiple (i.e., will route the order to the exchange with the lowest or no fee).  Accordingly, the Smart Router will only route a market order to an exchange which charges a higher fee if they can better the market by at least $0.01 (which, given the standard option multiplier of 100 would result in price improvement of $1.00 which is greater than the largest liquidity removal fee).

For additional information on the concept of adding/removing liquidity, including examples, please refer to KB201.

Handling procedures for fractional fees

It should be noted that certain exchange fees as well as IB commission rates are established at levels beneath  that of the smallest increment by which a given currency is defined (e.g. $0.01 in the case of the USD).  In the event a customer incurs a fee having an extended value below this minimum increment, the fee will be calculated at its extended value and then rounded up or down to the nearest whole minimum increment of that currency.   

This rounding process may result in occurrences where the aggregate rounded commission charge as reflected in the cash balance section of the Activity Statement on a given day is $0.01 higher than the sum of the rounded charge reflected on a line item basis in the trades section. An example of this may occur for a sample series of option trades for a given day is provided below. 

EXAMPLE:

Action Calculated Fee (extended) Statement - Trades  Section (rounded at a line item level) Statement - Cash Balance Section (rounded at an aggregate level)
Customer buys one U.S. securities option, incurring a minimum commission charge of $1.00 plus an exchange Option Regulatory Fee of $0.014 $1.014 $1.01 N/A
Customer buys one U.S. securities option, incurring a minimum commission charge of $1.00 plus an exchange Option Regulatory Fee of $0.014 $1.014 $1.01 N/A
Totals $2.028 $2.02 $2.03

 

 

 

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