Best Execution Monitoring Pricing Schedule
| Set-up Fees | |
|---|---|
| Initial set up cost | £0 |
| Ongoing Fees | |
| Monthly Account Management Fee | £300 |
| Cost of transactions or positions, per upload | £0.01 |
| Additional bespoke price feeds* | £2 per RIC per Month |
Example of monthly costs by broker size
| Broker Size: | Massive | Very large | Large | Medium | Small - medium | Small | Start up |
|---|---|---|---|---|---|---|---|
| Uploaded Transactions | 5,000,000 | 1,000,000 | 250,000 | 100,000 | 20,000 | 5,000 | 100 |
| Pre-Fee Cap Reporting Cost | £50,000 | £10,000 | £2,500 | £1,000 | £200 | £50 | £1 |
| Account Management Fee | £300 | £300 | £300 | £300 | £300 | £300 | £300 |
| Monthly Fee Cap | £1,000 | £1,000 | £1,000 | £1,000 | £1,000 | £1,000 | £1,000 |
| Total | £1,300 | £1,300 | £1,300 | £1,300 | £500 | £350 | £301 |
Note: All amounts are in Pounds Sterling (GBP) and are exclusive of VAT
*Option to be billed in euro at the above costs converted using the current GBP/EUR exchange rate
*TRAction’s best execution pricing is sourced from Refinitiv (formerly Reuters) tick data. 500 products (including common FX, Indices and stocks) are included. Refinitiv charges TRAction a licensing fee for additional products which TRAction passes on to its clients through the fee listed above. It is at the discretion of the investment firm as to whether they monitor a selection of or all products offered in order to comply with its best execution obligations. Further commentary can be found here.
To find out more information about TRAction’s services in other jurisdictions please contact us on +44 20 8050 1949 or [email protected].
