Regulation

Fees

The fee schedule is public, versioned and dated. It sets out every fee the venue charges, the basis on which each is calculated, and the criteria that determine which fees apply. Fees apply equally to all participants within each category.

Execution fees

How fees are charged

Fee	Applies to	Basis	Amount
FX options: dealer to client	Only the Liquidity Provider pays	Per US$1 million of notional traded	US$1 per million
FX options: dealer to dealer	Paid by both parties	Per US$1 million of notional traded	US$1 per million

Fees are quoted in US$ per US$1 million of notional or equivalent, aggregated per calendar month. For spreads, risk reversals and butterflies the fee is charged on the larger leg only; for straddles and strangles, on the cumulative notional. Delta hedges attract no trading fee. Fees are quoted exclusive of VAT.

Ancillary fees

Everything else the venue charges for

Fee	Applies to	Basis	Amount
Membership	All participants	Admission to and continued participation on the venue	None
Onboarding	All participants	Documentation, due diligence and account set-up	None
Connectivity	All participants	FIX, REST and WS APIs, and the web UI	None
UAT environment	All participants	Access during onboarding and thereafter	None
Market data	All participants	Pre-trade and post-trade venue data published by the venue	None

Where a fee is shown as None, the venue makes no charge for that service.

How participants are classified

The execution fee that applies to a transaction depends on the category of each party to it. Participant categories, and the criteria for admission to each, are set out in the MTF Rulebook and are applied on the same terms to every applicant.

MTF Rulebook

Rebates and incentives

No rebates, and no volume incentives

The venue operates no rebate, discount or incentive scheme of any kind.
There are no volume thresholds, and no fee is varied retroactively by reference to volume traded over any period.
Fees apply equally to all participants within each category, on the same terms, and no participant receives preferential pricing.

Current version

Fee schedule v2.0

Reference EXT-004. Effective 20 May 2026. This is the current version and applies to all participants. The PDF is the definitive versioned copy, and the tables on this page reproduce it in full.

Changes to this schedule are notified to participants and announced through the regulatory updates feed, with the notice period set out in the MTF Rulebook. Superseded versions are available from client services on request.

View fee schedule (PDF)Regulatory updates Questions about fees