Italian Stocks: MTA-SEDEX-MTF-TAH-GEM-EuroTLX Certificates

Last Update April,1st 2020

COMMISSION
Alternative commission profiles are: Proportional, Degressive and Flat.
Switch between Flat or Degressive profile has immediate effect.

Proportional
Standard
0.19% *
Trader **
0.13% *
MTA, ETF, traded funds: minimum 1.5 euros
SEDEX: minimum 2 euros
from June, 1st 2020 GEM (ex MTA International): minimum 5 euros
maximum € 18 for orders up to €€ 500,000
* 0.0035 % on trade value exceeding €€ 500,000
** The trader condition is applied automatically when a brokered value of €€ 2,500,000 is reached.

Degressive
for each day
MTA, ETF, Traded Funds
SEDEX,
EuroTLX CERT-X (Montetitoli)

first executed order of the day
€ 8€
€ 9
second executed order of the day
€ 7€
€ 8€
from the third to the fifth
€ 6-5-4 €
€ 7-6-5€
from the 6th to the 25th
€ 3€
€ 4
from the 26th to the 50th
€ 2€
€ 3€
from the 51st on
€ 1.5€
€ 2.5€
Note: Commission is doubled for orders with trade value above €€ 500,000
N.B. Degressive commissions are the result of the combined number of trades executed even on different markets EUREX - CME - LIFFE - IDEM - MTA - SEDEX...
Please Note: Flat commission executions are not included in the calculation of the degressive commission.

Flat
MTA, ETF, Traded Funds
SEDEX,
EuroTLX CERT-X (Montetitoli)

EuroTLX CERT-X (Clearstream)
5 euro* per execution
6 euro* per execution
7 euro per execution
Note: - Commission is doubled for orders with trade value above €€ 500,000;
- If an order is partially executed, the commission is reduced proportionally to the executed trade value, with 1.5 euro mimum, or 2 euros for SEDEX and EuroTLX Certificates
Flat Commission contracts are not counted in the calculation of the degressive commission.