By James Langton

(December 1 – 14:30 ET) – The TSE is cutting its equity trading fees. November invoices will reflect the new fee structure.

Fees will work as follows:
>1/60 of 1% of the value of the trade, to a maximum of $80 per trade, charged to the active side only;
> passive orders will continue to be free.

Total fees will be calculated on the standard formula, but brokers will receive discounts based on the monthly value traded.

A 25% discount will be applied to total monthly values of between $2.5 billion and $5 billion; and a 40% discount will be applied to monthly value traded over $5 billion. No discount applies below $2.5 billion.

For example, a broker that traded $7.5 billion in a month, would pay full freight on the first $2.5 billion, receive 25% off the portion charged between $2.5 billion and $ 5 billion, and 40% off the portion above $5 billion.