Moscow Exchange to introduce zero fee for liquidity consumers on FX Market

moex volumes report

Moscow Exchange (MOEX) announced yesterday that they have launched zero fee for liquidity consumers on FX Market, effective September 2.

An asymmetric maker (“taker”) fee will apply to USD/RUB trading with today settlement and a speedbump mechanism (USDRUB_TDB instrument).

Liquidity consumers, called ‘takers’, can now pay zero trading fee while liquidity providers, also named ‘makers’, will be charged at $16 per one million of currency.

The lot size will be reduced to US$1,000, while the minimum order size remains US$1,000,000. However, it will still be possible to execute any amount exceeding US$1,000,000 in one ticket.

The new speedbump USD/RUB order book was launched back in April 2019 in order to stimulate on-exchange FX liquidity. The minimum lot size is US$1 million.

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