Trading Rates
Trading Conditions
FAQ
Funds at Commodity Broking Services
Exchange Traded Funds (ETFs) are financial instruments that provide the diversity of a mutual investment fund but that are traded on a stock exchange. ETFs can be based on a variety of stocks and indices, in a wide array of marketplaces, such as the healthcare, telecommunications or transportation industries. ETFs enable investors to participate in entire markets or indices, but without the fees and administration associated with mutual funds.
The trading platform offers a range of index-tracking and actively managed DWS ETFs.
Index-Tracking ETFs
Index-Tracking or passive ETFs attempt to replicate the performance of the index. Their passive nature means that the management expenses associated with index-tracking ETFs are quite low, often times lower than those associated with actively managed or mutual funds.
Fees
The following fees apply to investments in passively-managed ETFs:
- Bid/Ask spread: Fund units are bought and sold on a spread between the Bid and Ask price as the market dictates.
- Management Fee: An annual management fee is charged for each ETF.
- Depository Fee: The platform does not charge an annual depository fee for ETFs.
Actively-Managed ETFs
Actively-managed ETFs are funds managed by fund manager who uses specific strategies to beat the market indices, thus resulting in superior returns for the fund.
Commodity Broking Services's trading platform offers a selection of DWS (Deutsche Bank) actively managed ETFs, including funds based on various sectors in the Dow Jones index, as well as diversified investments in country-specific markets, such as China and India.
Fees
The following fees apply to investments in actively-managed ETFs:
- Bid/Ask spread: Fund units are bought and sold on a spread between the Bid and Ask price as the market dictates.
- Management Fee: An annual management fee of between 1.45% and 2.0%, is charged for each fund, as described in the data sheet for the fund.
- Performance Fee: A performance fee is charged for each fund. DWS charges a performance fee of up to 25% of the amount by which the fund has exceeded the relevant benchmark, calculated daily and deducted annually. DWS can also charge performance fees if the fund fails to make a profit, if the comparison to the benchmark index is positive.
Live Data Fees
| STOCK EXCHANGES | Levels | Subscriber Agreement Required? | WLP Monthly Fees – Nov. 2006 | |
|---|---|---|---|---|
| Professional Investors | Non-Professional Investors | |||
| Australian Stock Exchange (ASX) | Level 1 & 2 |  Subscriber Agreement |
AUD 45 | AUD 37.50 |
| Deutsche Börse (Frankfurt/Xetra) | Level 1 | Subscriber Agreement | EUR 56 | EUR 15 |
| Level 2 | EUR 68 | EUR 20 | ||
| Euronext (AMS, BRU, LISB & PAR) | Level 1 | Subscriber Agreement | EUR 18 | EUR 1 |
| Level 2 | EUR 58 | EUR 1 | ||
| London Stock Exchange (LSE) | Level 1 | Subscriber Agreement |
GBP 37 | GBP 4 |
| Level 2 | GBP 157,50 | GBP 15 | ||
| NASDAQ | Level 1 | Subscriber Agreement |
USD 20 | USD 1 |
| New-York Stock Exchange (NYSE) | Level 1 | 2 Subscriber Agreements:One for Pro & One for Non-Pro |
See Sliding Scale | USD 1 |
| OMX (CSE, HSE & SSE) | Level 1 | Subscriber Agreement | EUR 19 | EUR 1 |
| Level 2 | EUR 53 | EUR 5 | ||
| Oslo Børs | Level 1 | Subscriber Agreement | NOK 280 | NOK 10 |
| Level 2 | NOK 280 | NOK 100 | ||
| Spanish Stock Exchange (SIBE) | Level 1 | Subscriber Agreement | EUR 9 | EUR 3 |
| Level 2 | EUR 24 | EUR 10 | ||
| Swiss Stock Exchange (EXFEED) | Level 1 | Subscriber Agreement | CHF 25 | CHF 10 |
| Wiener Börse | Level 1 | Subscriber Agreement | EUR 30 | EUR 1 |
Scale Fee for Professional Users
| NYSE | |
|---|---|
| 1 Device | $127.25 |
| 2 Devices | $79.50 |
| 3 Devices | $58.25 |
| 4 Devices | $53.00 |
| 5 Devices | $47.75 |
| 6-9 Devices | $39.75 |
| 10-19 Devices | $31.75 |
| 20-29 Devices | $30.25 |
| FUTURES EXCHANGES | Levels | Subscriber Agreement Required? | WLP Monthly Fees – Nov. 2006 | |
|---|---|---|---|---|
| Professional Investors | Non-Professional Investors | |||
| Eurex | Level 1 | Subscriber Agreement | EUR 25 | EUR 8 |
| Level 2 | EUR 36 | EUR 12 | ||
