All Binance customers can get a 25% low cost in the event that they pay fees in Binance Coin (BNB), and excessive-volume traders may qualify for lower fees. For instance, national securities exchanges, designated contract markets, registered DTEFs, and overseas boards of trade could also be required to pay sure charges to a vendor to accumulate the required information. The trading payment is a set 0.1%/trade. The exchange affords a 25% low cost on the trading payment if and when BNB Coin (Binance Coin) is used to pay for it. The brand new rule additionally establishes the best way to calculate dollar worth of ADTV for the bottom weighted 25% of an index and clarifies that all reported transactions for any depositary share that represents a security be included within the calculation of greenback value of ADTV of the underlying security, and that each one reported transactions for a safety underlying a depository share be included in the calculation of dollar worth of ADTV of the depository share.

For purposes of Section 3(a)(55)(B) of the Exchange Act,171 greenback worth of ADTV of a security is the sum of greenback value of ADTV of all reported transactions in such safety, in every jurisdiction the place the safety trades, together with transactions in the United States and transactions in jurisdictions other than the United States. Narrow-based safety index has the same that means as in section 1a(25) of the Commodity Exchange Act. 17 CFR Chapter I - Commodity Futures Trading Commission In accordance with the foregoing, Title 17, chapter I of the Code of Federal Regulations is amended by including half forty one to learn as follows: Part 41-Security FUTURES Sec. The SEC anticipates that the entire value that will probably be incurred by each of the 11 exchanges thereafter will likely be $263,400 annually. The whole cost for each of the 11 exchanges to keep up one terminal on an annual foundation thereafter is estimated to be $25,800. As well as, it is anticipated that there will probably be a one-time installation payment of $300 per terminal. The entire cost for each of the eleven exchanges anticipated to trade futures on security indexes to install and maintain one terminal for the primary year is estimated to be $26,100, which includes the one-time set up fee.

The entire cost anticipated for all 11 exchanges will due to this fact be $2,900,700 for the first 12 months and $2,897,four hundred annually thereafter. https://dankefreihandel.com/contents/%ec%84%a0%eb%ac%bc-%ea%b1%b0%eb%9e%98%ec%97%90%ec%84%9c-%eb%b0%94%ec%9d%b4%eb%82%b8%ec%8a%a4-%ec%88%9c%ec%9c%84%ed%91%9c%ec%9d%98-%ec%a0%84%eb%b0%98%ec%a0%81%ec%9d%b8-%ea%b8%b0%eb%8a%a5/ , the 12 months 2022 has been a roller coaster, with many vital price drops, numerous company bankruptcies, scams, and fallout like FTX. The brand new rule clarifies that such international transaction knowledge may be used only if it has been reported to a foreign monetary regulatory authority in the jurisdiction wherein the security is traded, and that, if the price info is reported in a international foreign money, it must be transformed into U.S. The calculations required underneath the new guidelines for market capitalization and dollar worth of ADTV may require further data storage.173 A national securities exchange, designated contract market, or registered DTEF will want to consider how one can retailer the information-whether or not to maintain arduous copies or digital copies of all of the computations. A market might incur costs if it contracts with an outside get together to carry out the calculations. In addition, the SEC understands that information storage could also be minimized if markets rely on third-occasion vendors as a supply for knowledge because these vendors' terminals usually are linked to Pc terminals that may readily retailer the information.

A nationwide securities exchange, designated contract market, registered DTEF, or foreign board of commerce may also incur useful resource prices to carry out the computations required beneath the new guidelines. The SEC additionally acquired a number of comments stating that overseas boards of trade ought to be subject to different standards with respect to the definition of narrow-based security index.180 Two other commenters, nonetheless, acknowledged that international boards of commerce needs to be held to the identical requirements as nationwide securities exchanges, designated contract markets, and registered DTEFs.181 The SEC notes that the new guidelines are even-handed of their utility with respect to home and international markets that propose to trade futures on a specific safety index and thus mustn't impose any burden on competitors with respect to how explicit security indexes are treated underneath the ultimate rules. As noted above, one commenter indicated that it would need two further employees personnel to comply with the brand new rules.174 While not necessarily agreeing with that estimate, using the evaluation that two full-time workers individuals would be required, the SEC estimates that the overall annual cost of employing a staff individual in a clerical place to perform the computations based mostly on the new guidelines shall be roughly $42,520 plus 35% for overhead costs (i.e., prices of supervision, house and administrative help), for a total of approximately $57,600 ($32 per hour per market).175 The SEC estimates that the total annual cost of using a employees individual in a supervisory position to oversee the clerical employees particular person shall be approximately $135,001 plus 35% for overhead costs, for a complete of approximately $180,000 ($100 per hour per market).176 Therefore, the SEC estimates the total cost that every of the eleven exchanges anticipated to trade futures on security indexes will incur in participating staff to make the required computations to be $237,600 yearly.