Trading Fees & Pricing

Fee levels for Eurex derivatives include trading and clearing and vary by product or product group. For some products a staggered fee is offered depending on the size of the trade: a reduced fee is applied on the contract volume of a trade that exceeds the defined threshold.

Fee levels at Eurex are very competitive in comparison to those of other derivatives exchanges. The table below features the fees Eurex charges members for proprietary and customer business. Brokers may charge additional fees for their services.


Contract	Currency	Order Book		Wholesale		Threshold A-Accounts (Number of contracts)	Threshold P-Accounts (Number of contracts)
Contract	Currency	Standard Fee	Reduced Fee	Standard Fee	Reduced Fee	Threshold A-Accounts (Number of contracts)	Threshold P-Accounts (Number of contracts)
Equity Derivatives/Single Stock Futures
Futures on European Equities (EUR)	EUR	0.13	0.00	0.20	0.00	1,000	1,000
Futures on Swiss Equities	CHF	0.20	0.00	0.30	0.00	1,000	1,000
Futures on Brazilian, Canadian, Russian and U.S. Equities	USD	0.20	0.00	0.30	0.00	1,000	1,000
Futures on British Equities	GBP	0.10	0.00	0.15	0.00	1,000	1,000
Equity Derivatives/Equity Options and LEPOs
European Equity Options (EUR)	EUR	0.10	0.05	0.10	0.05	1,000	500
Swiss Equity Options	CHF	0.15	0.08	0.15	0.08	1,000	500
Brazilian, Canadian, Russian and U.S. Equity Options	USD	0.15	0.08	0.15	0.08	1,000	500
British Equity Options	GBP	0.15	0.08	0.15	0.08	1,000	500
Equity Index Derivatives/Futures
Dow Jones Global Titans 50 IndexSM Futures (EUR)	EUR	0.30	n.a.	0.45	n.a.	n.a.	n.a.
Dow Jones Global Titans 50 IndexSM Futures (USD)	USD	0.50	n.a.	0.75	n.a.	n.a.	n.a.
Dow Jones Sector Titans IndexSM Futures	USD	0.50	n.a.	0.75	n.a.	n.a.	n.a.
Futures on STOXX® Indices	EUR	0.30	n.a.	0.45	n.a.	n.a.	n.a.
Eurex KOSPI Product*	KRW	0.04%	n.a.	0.04%	n.a.	n.a.	n.a.
DAX® Futures	EUR	0.50	n.a.	0.75	n.a.	n.a.	n.a.
MDAX® Futures	EUR	0.30	n.a.	0.45	n.a.	n.a.	n.a.
TecDAX® Futures	EUR	0.20	n.a.	0.30	n.a.	n.a.	n.a.
DivDAX® Futures	EUR	0.30	n.a.	0.45	n.a.	n.a.	n.a.
SMI® Futures	CHF	0.40	n.a.	0.60	n.a.	n.a.	n.a.
SMIM® Futures	CHF	0.20	n.a.	0.30	n.a.	n.a.	n.a.
SLI Swiss Leader Index® Futures	CHF	0.20	n.a.	0.30	n.a.	n.a.	n.a.
OMXH25 Futures	EUR	0.50	n.a.	0.75	n.a.	n.a.	n.a.
SENSEX Futures	USD	0.20	n.a.	0.30	n.a.	n.a.	n.a.
MSCI Russia Index Futures	USD	0.40	n.a.	0.60	n.a.	n.a.	n.a.
MSCI Japan Index Futures	USD	1.00	n.a.	1.50	n.a.	n.a.	n.a.
Equity Index Derivatives/Options
Dow Jones Global Titans 50 IndexSM Options (EUR)	EUR	0.30	0.15	0.30	0.15	2,000	2,000
Options on STOXX® Indices	EUR	0.30	0.15	0.30	0.15	2,000	2,000
DAX® Options	EUR	0.50	0.25	0.50	0.25	2,000	2,000
MDAX® Options	EUR	0.30	0.15	0.30	0.15	2,000	2,000
TecDAX® Options	EUR	0.20	0.10	0.20	0.10	2,000	2,000
DivDAX® Options	EUR	0.75	0.38	0.75	0.38	2,000	2,000
SMI® Options	CHF	1.00	0.50	1.00	0.50	2,000	2,000
SMIM® Options	CHF	0.40	0.20	0.40	0.20	2,000	2,000
SLI Swiss Leader Index® Options	CHF	0.40	0.20	0.40	0.20	2,000	2,000
OMXH25 Options	EUR	0.50	0.25	0.50	0.25	2,000	2,000
SENSEX Options	USD	0.20	0.10	0.20	0.10	2,000	2,000
MSCI Russia Index Options	USD	0.40	0.20	0.40	0.20	2,000	2,000
Dividend Derivatives/Equity Index Dividend Futures
DAX® Price Index Dividend Futures	EUR	2.00	n.a.	3.00	n.a.	n.a.	n.a.
DivDAX® Dividend Futures	EUR	2.00	n.a.	3.00	n.a.	n.a.	n.a.
EURO STOXX 50® Index Dividend Futures	EUR	1.20	n.a.	1.80	n.a.	n.a.	n.a.
EURO STOXX® Select Dividend 30 Index Dividend Futures	EUR	1.20	n.a.	1.80	n.a.	n.a.	n.a.
SMI® Dividend Futures	CHF	1.60	n.a.	2.40	n.a.	n.a.	n.a.
Dividend Derivatives/Options on Equity Index Dividend Futures
Options on EURO STOXX 50® Index Dividend Futures	EUR	1.20	n.a.	1.20	n.a.	n.a.	n.a.
Dividend Derivatives/Single Stock Dividend Futures
Single Stock Dividend Futures on French and German equities (Contract Size 100)	EUR	0.40	n.a.	0.60	n.a.	n.a.	n.a.
Single Stock Dividend Futures on Belgian, Dutch, Finnish, Irish and Spanish equities (Contract Size 100)	EUR	0.20	n.a.	0.30	n.a.	n.a.	n.a.
Single Stock Dividend Futures on Italian equities (Contract Size 100)	EUR	0.04	n.a.	0.06	n.a.	n.a.	n.a.
Single Stock Dividend Futures on French, German Belgian, Dutch, Finnish, Irish and Spanish equities (Contract Size 1000)	EUR	1.20	n.a.	1.80	n.a.	n.a.	n.a.
Single Stock Futures on Swiss equities (Contract Size 1000)	CHF	1.60	n.a.	2.40	n.a.	n.a.	n.a.
Single Stock Dividend Futures on Italian equities (Contract Size 1000)	EUR	0.40	n.a.	0.60	n.a.	n.a.	n.a.
Single Stock Dividend Futures on British Equities	GBP	0.30	n.a.	0.45	n.a.	n.a.	n.a.
Single Stock Dividend Futures on British Equities	USD	1.20	n.a.	1.80	n.a.	n.a.	n.a.
Single Stock Dividend Futures on British Equities	EUR	1.20	n.a.	1.80	n.a.	n.a.	n.a.
Exchange Traded Fund Derivatives/Futures
iShares ETF Futures	EUR	0.30	n.a.	0.40	n.a.	n.a.	n.a.
CS ETF on SMI® Futures	CHF	0.50	n.a.	0.70	n.a.	n.a.	n.a.
Exchange Traded Fund Derivatives/Options
Options on iShares ETFs	EUR	0.30	n.a.	0.40	n.a.	n.a.	n.a.
CS ETF on SMI® Options	CHF	0.50	n.a.	0.70	n.a.	n.a.	n.a.
Options on Source ETFs	EUR	0.30	n.a.	0.40	n.a.	n.a.	n.a.
Options on Lyxor ETFs	EUR	0.30	n.a.	0.40	n.a.	n.a.	n.a.
Options on db x-trackers ETFs	EUR	0.30	n.a.	0.40	n.a.	n.a.	n.a.
Volatility Index Derivatives/Futures
VSTOXX® Mini Futures	EUR	0.20	n.a.	0.30	n.a.	n.a.	n.a.
Volatility Index Derivatives/Options
VSTOXX® Options	EUR	0.30	n.a.	0.30	n.a.	n.a.	n.a.
Interest Rate Derivatives/Futures
One-Month EONIA Futures	EUR	0.20	n.a.	0.30	n.a.	n.a.	n.a.
Three-Month EURIBOR Futures	EUR	0.20	n.a.	0.30	n.a.	n.a.	n.a.
Euro-Schatz Futures, Euro-Bobl Futures, Euro-Bund Futures, Euro-Buxl® Futures	EUR	0.20	n.a.	0.30	n.a.	n.a.	n.a.
Short-Term Euro-BTP Futures, Mid-Term Euro-BTP Futures, Long-Term Euro-BTP Futures	EUR	0.20	n.a.	0.30	n.a.	n.a.	n.a.
CONF Futures	CHF	0.30	n.a.	0.45	n.a.	n.a.	n.a.
Interest Rate Derivatives/Options
Options on Three-Month EURIBOR Future	EUR	0.20	n.a.	0.20	n.a.	n.a.	n.a.
One-Year Mid Curve Options on Three-Month EURIBOR Futures	EUR	0.20	n.a.	0.20	n.a.	n.a.	n.a.
Options on Euro-Schatz Futures, Options on Euro-Bobl Futures, Options on Euro-Bund Futures	EUR	0.20	0.10	0.20	0.10	4,000	4,000
Credit Derivatives/Futures
iTraxx® Europe 5-year Index Futures	EUR	0.40	n.a.	0.60	n.a.	n.a.	n.a.
iTraxx® Europe HiVol 5-year Index Futures	EUR	0.40	n.a.	0.60	n.a.	n.a.	n.a.
iTraxx® Europe Crossover 5-year Index Futures	EUR	0.40	n.a.	0.60	n.a.	n.a.	n.a.
Single Credit Recovery Futures	EUR	0.10	n.a.	0.15	n.a.	n.a.	n.a.
Property Derivatives/Futures
IPD UK Annual All Property / Retail / Office / Industrial Index Futures	GBP	8.00	n.a.	12.00	n.a.	n.a.	n.a.
Inflation Derivatives/Futures
Euro-Inflation Futures	EUR	0.50	n.a.	0.75	n.a.	n.a.	n.a.
Precious Metal Derivatives/Futures
Gold Futures	USD	0.70	n.a.	0.70	n.a.	n.a.	n.a.
Silver Futures	USD	0.70	n.a.	0.70	n.a.	n.a.	n.a.
Xetra-Gold® Futures	EUR	0.20	n.a.	0.30	n.a.	n.a.	n.a.
Precious Metal Derivatives/Options
Gold Options	USD	0.70	n.a.	0.70	n.a.	n.a.	n.a.
Silver Options	USD	0.70	n.a.	0.70	n.a.	n.a.	n.a.
Xetra-Gold® Options	EUR	0.20	n.a.	0.30	n.a.	n.a.	n.a.
Exchange Traded Commodities Derivatives/Futures
ETFS Physical Gold Futures	USD	0.20	n.a.	0.30	n.a.	n.a.	n.a.
ETFS Crude Oil Futures	USD	0.50	n.a.	0.75	n.a.	n.a.	n.a.
Exchange Traded Commodities Derivatives/Options
ETFS Physical Gold Options	USD	0.20	n.a.	0.20	n.a.	n.a.	n.a.
ETFS Crude Oil Options	USD	0.50	n.a.	0.50	n.a.	n.a.	n.a.
Commodity Index Derivatives
Futures and Options on Dow Jones-UBS Commodity Indices	USD	1.00	n.a.	1.50	n.a.	n.a.	n.a.
Weather Derivatives/Futures
Hurricane Futures	USD	5.00	n.a.	5.00	n.a.	n.a.	n.a.
Agricultural Index Derivatives/Futures
European Processing Potato Futures	EUR	3.00	n.a.	3.00	n.a.	n.a.	n.a.
London Potato Futures	EUR	4.00	n.a.	4.00	n.a.	n.a.	n.a.
Hog Futures	EUR	10.00	n.a.	10.00	n.a.	n.a.	n.a.
Piglet Futures	EUR	10.00	n.a.	10.00	n.a.	n.a.	n.a.
Skimmed Milk Powder Futures	EUR	1.50	n.a.	1.50	n.a.	n.a.	n.a.
Eurex Butter Index Futures	EUR	1.50	n.a.	1.50	n.a.	n.a.	n.a.
CO2-Derivatives/Futures**
CER-Futures (EarlyDec/MidDec), EUA-Futures (EarlyDec/MidDec)	EUR	1.80	n.a.	1.80	n.a.	n.a.	n.a.
CO2-Derivatives/Options**
Options on EUA-Futures EarlyDec	EUR	1.80	n.a.	1.80	n.a.	n.a.	n.a.
Power Derivatives/Futures*
Phelix and French Base®-Futures, Phelix and French Peak®-Futures, Phelix Off-Peak®-Futures	EUR	0.0075	n.a.	0.0075	n.a.	n.a.	n.a.
Power Derivatives/Options*
Options on Phelix Base® Futures	EUR	0.0075	n.a.	0.0075	n.a.	n.a.	n.a.

* The transaction fees are defined as a percentage of the premium per contract, i.e. the percentage shown here times the traded price times the contract value of KRW 100,000 (South Korean Won).
** plus EUR 1.00 clearing fee
*** plus EUR 0.005 clearing fee

Rebates

Eurex member may benefit from the following volume rebates, depending on their monthly proprietary trading volumes:

Futures


	Order Book Volume
Product Group	Level 1	Level 2	Level 3
Rebate	10%	20%	30%
Equity Index Futures	200,001	300,001	400,001
Interest Rate Futures	300,001	600,001	1,200,001

Options


	Order Book & Wholesale Volume
Product/ Product Group	Level 1	Level 2	Level 3	Level 4	Level 5
Rebate	20%	30%	40%	60%	80%
Equity Derivatives
Equity Options	80,001	160,001	320,001	1,000,001	2,000,001
Equity Index Derivatives
EURO STOXX 50® Index Options (incl. Weekly Options)	80,001	160,001	320,001	1,000,001	2,000,001
DAX® Options (incl. Weekly Options)	40,001	80,001	160,001	500,001	1,000,001
SMI® Options	4,001	8,001	16,001	50,001	100,001
Other Equity Index Options (aggregated)	10,001	20,001	30,001	50,001	70,001
Interest Rate Derivatives
Options on Three-Month EURIBOR Futures, One-Year Mid Curve Options on Three-Month EURIBOR Futures	15,001	30,001	60,001	120,001	240,001
Options on Euro-Bund Futures, Options on Euro-Bobl Futures, Options on Euro-Schatz Futures	90,001	180,001	280,001	480,001	760,001

For futures, the thresholds in the table above refer to aggregated proprietary trading volume per product group executed in the order book. For options, proprietary order book and OTC volume is considered for the calculation of volume rebates. The different rebates will be applied to the corresponding contract volumes within each level (i.e. the volume exceeding the per level defined threshold up to the threshold of the next level).

For a consolidated form of the application principles for volume rebates together with the processes in case of non-compliance, please see section 3.2.2 of the Price List of Eurex Clearing AG.

Furthermore, Eurex offers extensive Market-Making programs for all option products. These Market-Making programs allow Market Makers to benefit from up to 90% reduction in transaction fees. Market making volumes are however excluded from the volume rebates on proprietary trading volumes.

All clearing fees are charged on the basis of the Clearing Conditions and the Conditions for Utilization of the OTC Trade Entry Facilities. Please see the Eurex Clearing AG Price List for the complete list of Eurex Clearing Fees & Prices.

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