Trading Tariff Fees

Amount and calculation of the trading tariff fee

SWX Europe levies trading tariff fees on full members on order book and off order book trades on SWX Europe. These charges are fully detailed within Directive 9.

Clearing Members whose sole purpose is clearing on behalf of other members are only subject to membership fees and, where appropriate, infrastructure fees. Such members are not subject to the trading tariff. However, clearing members that also use SWX Europe for trading are classified as full members for the purpose of Directive 9.

Payment of trading fees

All SWX Europe trading fees are invoiced in the member’s billing currency by SWX Europe on a monthly basis. Invoices will be converted from Swiss francs into the member's billing currency using the WM Reuters rate as at 17.00 CET on the last working day of the month.

For full details of trading tariff fees on SWX Europe please see Directive 9: Fees.