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Friday, 15 November 2019

EGX's trading fees and commissions decrease considered: FRA Deputy Chairman

Doaa A.Moneim , Wednesday 9 Oct 2019
Views: 1191
Views: 1191

Deputy Chairman of the Financial Regulatory Authority (FRA) Khaled El-Nashar said on Tuesday that the Egyptian Exchange (EGX) is considering decreasing its trading’s fees and commissions in the sake of enhancing EGX’s competitiveness.

Trading service fees would fall to 0.005 percent from 0.00625 percent, clearing and settlement fees to 0.0100 percent from 0.0125 percent, and stock market commissions to 0.0100 percent from 0.0120 percent, while the cost charged to investors for trading insurance would be to 0.005 percent instead of 0.010 percent that is applied now.

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