Transparent fees for derivative contracts

FOW TRADEdata launches online access to global trading fees for exchange-traded derivatives this week at for users to reduce operational costs and refine strategies for trading and customer marketing.

FOW TRADEdata, the premier source of validated static data in STP solutions for leading banks and financial institutions trading in the global derivatives market launched, at the European Derivatives Exhibition in London, its Internet service for banks and brokers to help reduce costs in the arduous and time-sensitive task of interpreting complex fee structures and reconciling transaction fees.

The Internet subscription service, which is also available as a direct data feed, enables quick access to detailed information at lowest market level of exchange traded derivative transaction fees covering 75 derivatives exchanges worldwide. Drawn from its specialist experience in this complex field the TRADEfees service uses the industry standard classification of charging party, charge type, account type and trade type but also introduces new generic mnemonics for underlying elements. Ad-hoc changes and payment holidays implemented by exchanges at short notice waste many hours and significant costs each year in fee reconciliation and add to trading risk.

Press Release Contact:
Andrew Smith
Sales and Marketing Manager
Tel: 01277 636901

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