OREANDA-NEWS. July 16, 2012. Please be advised that in August 2012 Moscow Exchange is imposing additional commission fee (the fee)  for unproductive load of its trading system.  The fee will be introduced in order to regulate operations made by high frequency trading systems (HFT) of the UTS market participants and within the framework of the tariff harmonization aimed at all markets of the Moscow Exchange.

In order to prepare for the introduction of the fee and charging procedure thereof, starting from July 06, 2012, the UTS market participants with clients submitting orders in the amount exceeding fixed threshold of 30,000 orders per trading session will receive information reports containing the fee amount.

For the period from 6 July until the launch of the fee, the fee will not be charged even if a market participant receives the report with fee amount above zero. The information report will be sent after the trading close by regular ways used for sending Exchange"s reports.  The fee launch day will announced later.