IB Notification -January 30, 2004
Beginning March 1, 2004, Interactive Brokers will be introducing a new optional unbundled futures commission schedule to more closely match the variable product pricing instituted by many of the futures exchanges and to better reflect the needs of our different classes of customer. The new unbundled fee schedule will specifically charge for the execution, clearing, carrying, exchange, and regulatory costs of doing a trade and will be applied based on cumulative monthly trade volume summed across all futures and futures options products at the time of the trade.
Those customers not explicitly opting into the new unbundled price structure will continue to be charged Interactive Brokers' current bundled futures commission schedule. If you would like to opt into the new futures unbundled pricing schedule, you should log into Account Management/Commission Schedule after February 15, 2004. Opting into the unbundled price structure applies to all futures and futures options products and you many not choose a pricing option by product or exchange.
The following table represents our new unbundled futures commission schedule as well as our current bundled commission schedule for futures and futures options:
Product Currency:
US
EUR GBP CAD CHF HKD JPY AUD
(All fees charged per contract in the currency of the product)
New Unbundled Fees:
Execution*
<=300 Contracts 1.00 1.00 0.70 1.50 1.50 12.00 500.00 3.00
301-1,000 Contracts 0.70 0.70 0.50 1.00 1.00 10.00 450.00 2.50
1,001-10,000 Contracts 0.45 0.45
0.40 0.70 0.70 8.00 400.00 2.00
10,001-20,000 Contracts 0.35 0.35 0.30 0.55 0.55 6.00 350.00 1.50
>20,000 Contracts 0.25 0.25
0.20
0.40 0.40 4.00 300.00 1.00
Clearing*
<=10,000 Contracts 0.40 0.40
0.30
0.60 0.60 7.00
200.00 1.00
>10,000 Contracts 0.30 0.30 0.25 0.45 0.45 5.00 150.00 0.75
Carrying** 0.10 0.10 0.10 0.10 0.10 1.00 15.00 0.10
Exchange As charged by the exchange based on product/customer class
Regulatory
As charged by the local regulators
Current Bundled Fees:
US Futures & Futures Options 2.40
US CBOT Mini Gold & Silver Futures 1.50
US CBOT Mini Dow Futures 2.06
US CBOT Mini Dow Futures Options*** 1.50
US CBOT Total Market Index*** 1.50
US NYMEX Futures 2.95
Belgian Futures
4.50
Belgian Futures Options
3.00
Dutch Futures & Futures Options
3.00
French Futures & Futures Options
2.00
German Futures & Futures Options
2.00
Italian MIB30 Futures
3.00
Italian Mini MFIB30 Futures
2.00
Spanish IBEX35 Futures
3.00
Spanish Mini IBEX35 Futures
2.00
Spanish Futures Options
2.00
UK Futures & Futures Options
1.70
Canadian Futures & Futures Options
2.40
Swiss Futures & Futures Options
4.00
HK HSI Futures & Futures Options
30.00
HK MHI Futures
17.00
Japanese Futures & Futures Options
750.00
Australian Futures
5.00
* These fees are applied on a marginal basis for a given calendar month. If for example, you execute 1,000 US contracts in a month, your execution costs would be:
300 contracts at $1.00
700 contracts at $.70
** Charged for each day a contract is held overnight.
*** Launching 2/10/04 price valid through 5/31/2004.
os futuros gringos vao baixar de $2.4 (trade/contrato) para um maximo de $1 (kem nogociar mais de 300/mes ainda baixa mais) !!! de facto, as nossas correctoras e bancos tugas ainda tem muito k apreender...lol!!!
xi
OSanto
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