Dear BATS Chi-X Europe Participants,
BATS Chi-X Europe is pleased to announce a further extension to its pricing promotion in the Spanish
market segment on the Chi-X (CXE) order book(s). The existing pricing promotion, which runs until
the end of June 2012 will now be extended until the end of September 2012. The promotion (detailed
below) will continue to cover trading, clearing and settlement costs:
Trading fees:
The rebate paid to trading participants on passive executions will remain at 0.30 basis points, (raised
from 0.20 basis points pre-promotion) for executions in all IBEX35 securities.
Post-trade costs:
Clearing
Participants trading in excess of €200 million per calendar month in the six Qualifying
Securities* will have their gross CCP clearing fees refunded on any trades in excess of €200
million in these six securities.
Settlement
Participants trading in excess of €200 million per calendar month in the six Qualifying
Securities* will also have their settlement fees refunded on any settlements in these six
securities, up to a maximum of two settlements per Qualifying Security, per day.
The above post-trade costs will be calculated by European Multilateral Clearing Facility (EMCF) and
advised to BATS Chi-X Europe, who will refund directly to the trading participant.
*The post-trade pricing promotion applies to the following six securities only in the Spanish market segment (the Qualifying
Securities) for clearing and settlement costs.
Name
UMTF Code
ISIN
Currency
Banco Santander
SANe
ES0113900J37
EUR
BBVA
BBVAe
ES0113211835
EUR
Iberdrola
IBEe
ES0144580Y14
EUR
Inditex
ITXe
ES0148396015
EUR
Repsol
Telefonica
REPe
ES0173516115
EUR
TEFe
ES0178430E18
EUR
Pricing of trades in Spanish securities on the BATS (BXE) order books remains unchanged. A full list
of tariffs can be viewed at
http://www.batstrading.co.uk/resources/participant_resources/BATSEuro_Pricing.pdf
Please contact the Trade Desk or your Account Manager if you have any questions.
All current and historical BATS Chi-X Europe notices, including universe updates, are available online
at www.batstrading.co.uk/alerts
Trade Desk
BATS Chi-X Europe ... Making Markets Better
P: +44.207.012.8901
E: [email protected]
www.batstrading.co.uk
* BATS Trading Limited is authorised and regulated by the Financial Services Authority.
BATS Trading Limited is authorised and regulated by the Financial Services Authority. BATS Trading Limited is an indirect wholly-owned subsidiary of BATS Global
Markets, Inc. and is a company registered in England and Wales with Company Number 6547680 and registered office at 10 Lower Thames Street, London EC3R 6AF.
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