Membership Commissions

Total tariffs for Brokerage Firms (fixed)

wdt_ID ALSE's Membership Categories Submission of Application Form Membership Trading Access in ETS Total
1 Government Securities Member (GSM) 7,000 189,000 35,000 70,000 301,000
2 Debt Securities Member (DSM) 7,000 294,000 70,000 140,000 511,000
3 Equity Securities Member (ESM) 7,000 294,000 49,000 119,000 469,000
4 Other Securities Member (OSM) 7,000 224,000 28,000 98,000 357,000
5 All Securities Member (ASM) 7,000 384,000 100,000 200,000 691,000

Note: Tariffs are expressed in ALL, where VAT is not included


Trading Tariffs (variable)

wdt_ID Explanation Equity Securities Government Debt Securities Private Debt Securities* Investment Fund Securities Other Securities
1 Executed Order Fixed Fee 100 100 100 100 100
3 Block Trade Fee 0.1% 0.02% 0.06% 0.08% 0.08%
5 Intended Cross Trade Fee 0.25% 0.05% 0.15% 0.15% 0.15%
6 Reported Trade Fee 0.25% 0.05% 0.15% 0.15% 0.15%
7 Trading Value Fee 0.025% 0.005% 0.015% 0.30% 0.20%
8 Normal Order Fee
9 0 - 1,000,000 ALL 0.20% 0.05% 0.12% 0.08% 0.08%
10 1,000,001 - 10,000,000 AL 0.16% 0.04% 0.10% 0.08% 0.08%
11 10,000,001 < ALL 0.12% 0.03% 0.08% 0.08% 0.08%

Note:
– Tariffs are expressed in ALL, where VAT is not included.
– Fixed tariffs are applied on every executed transaction.
– Fees in % are applied over the trading value of each executed transaction.
– The fee over trading value is applied annually and is calculated as % over the annual executed transactions at ALSE.

Membership Commissions