Options & Futures Trading fees
| Product | Commissions per contract (excl. stock exchange fees) | Minimum | Real time registration |
|---|---|---|---|
| Stock options | CHF 1.50 / EUR 1 | None | EUREX |
| Index options and futures | CHF 1.50 / EUR 1 | CHF 5 / EUR 5 | EUREX |
| Futures on BTCetc - ETC Group Physical Bitcoin | EUR 20 | EUR 50 | EUREX |
| Product | Commissions per contract (excl. stock exchange fees) | Minimum | Real time registration |
|---|---|---|---|
| Stock Options | USD 1.50 | USD 5.00 | ISE |
| Index Options | USD 1.99 | USD 5.00 | ISE |
| Options & Futures on Indices | USD 1.99 | USD 5.00 | CME Cboe |
| Futures on Commodities | USD 1.99 | USD 5.00 | NYMEX COMEX |
| Futures on Currencies | USD 2.50 | USD 5.00 | CME |
| Futures & Options Crypto (BTC & ETH) | USD 10.00 | None | CME |
| Micro Futures & Options Crypto (BTC & ETH) | USD 5.00 | None | CME |
| Market | Product | Commissions per contract (excl. stock exchange fees) |
|---|---|---|
| Euronext | Stock options Index options and futures | EUR 2* EUR 1.50 |
| LIFFE | Stock options Index options and futures | GBP 2 GBP 1.50 |
If the order is given by phone, a minimum of 20 units of the transaction currency per order will be debited, with the exception of JPY which will be debited at the equivalent of CHF 20.-
*Exception Euronext Brussels: EUR 5
Assignments or Exercises
- Equity options: the usual fees are charged on the purchase or sale of the underlying (the "Flat Fee Trades" do not apply). Other charges (transfer and settlement fees, for example) are billed and mentioned separately.
- On all other options will be invoiced on a per contract basis. Any other external fees (exchange fees for example) will be charged and specified separately.
Overnight Fees definition
Overnight fees are charged for options and futures instruments for every day the net position is held overnight.
These fees apply only when the available cash in a given currency is less than the margin required in that same currency.
The overnight fee is calculated per currency, based on:
- The daily margin requirement,
- The available cash, and
- The funding fee for that currency.
A position is considered held overnight if it remains open after the market hours of the instrument.
Fees are charged monthly for each applicable currency.
Overnight Fees formula
Daily Overnight Fee per currency=max(0, Margin max(0, Cash)) × Days Held × funding fee / 360 days
| Currency | Funding Fee |
|---|---|
| EUR | 1.5% |
| CHF | 1.5% |
| USD | 1.5% |
| JPY | 1.5% |
| GBP | 1.5% |
| HKD | 1.5% |
| Others | 1.5% |
Examples
| Margin per currency | USD 10,000 |
| Cash per currency | USD 15,000 |
| Days held | 1 |
| Funding fee | 1.5% |
| Margin per currency | USD 20,000 |
| Cash per currency | USD 5,000 |
| Days held | 3 |
| Funding fee | 1.5% |
Calculation:
max(0,Cash)=5’000
Margin−max(0,Cash)=15’000
max(0,15’000)=15’000
Overnight Fee=15’000×3×0.015/360=1.87
Result: Overnight Fee = $1.87, the required margin exceeds available cash, generating a financing cost.