YKOFX's Clearing Department Announces the Fee Schedules for the Last Quarters

Apr 1, 2022


YKOFX has set a series of changes for the trading and clearing fees within the base metals market in order to accentuate business transparency


Yokohama, Kanagawa Apr 1, 2022 (Issuewire.com) - YKOFX, a Pan Asian exchange with an innovative and robust product suite that provides its clients with some of the best trading facilities, today announced the fee schedules for the past quarters by mentioning the operational changes. Trading and clearing fees will be unchanged and fee discounts for short-term positions and transfer limits will continue to be valid. Additionally, the clearing department will lower fees for major services that have been set in place for the past years and a disclaimer for the base metals usage authorization will be implemented.

Another change is represented by the introduction of a fee discount for the warrants as collateral and compression services. Fee discounts will be implemented in the case of trade compression which enables the membership to lower the nominal value of the held positions and facilitates portfolio management. In addition, YKOFX.org  will include a disclaimer by means of which physical market participants will not be charged under the base metals market data use authorization. The usage authorization was established for the users of the prices set by the exchange who do not influence the pricing procedures. Nevertheless, proving a notable market engagement, YKOFX keeps into consideration that many market users contribute to the value of the price settlement by making use of it within their supply networks and resulting contracts.

"We are thankful to the physical market for their feedback which helps us update our services thus making them more and more efficient. We appreciate the relationship with the physical base metals market on both local and international levels and the changes we implement are meant to value the strong connection existing between the exchange and other industry representatives", said Kakuji Ryusuke, Executive Director of Metals Products.

 

About Yokohama Options and Futures Exchange (YKOFX)

YKOFX.org is powering its clients' potential to stay ahead of an evolving market. It redefines the future of the trading and investment landscape to create more value for the marketplace, customers, investors, and employees. YKOFX is offering cutting-edge trading and investment solutions to investors around the world. YKOFX offers trading across a diverse range of products in multiple asset classes and geographies, including commodities, options, futures, exchange-traded products (ETPs), global foreign exchange (FX), and multi-asset volatility products. It is also providing genuine industrial insights as well as information on the benchmark commodity prices.

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This article was originally published by IssueWire. Read the original article here.

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