The new condition is aimed at improving quality of the exchange’s order book
The Moscow exchange has issued a press release on its website announcing that a new fee will be introduced on FX trades since January 20th 2014. Every trade that’s worth less than 50 lots will have an additional 25 RUB fee applied. According to the exchange the minimum fee introduction will contribute to an optimization of balance of interests and will improve the exchange’s order book.
The FX market committee and the Executive and Supervisory Boards of the Moscow Exchange have approved the new measure.
For the full press release visit Moscow Exchange’s website.
For more on the global Forex industry see the LeapRate-Dow Jones Forex Industry Report.