Managing exchange traded derivative fees and commissions

FIA Tech’s initiative to simplify fee and commission management in exchange traded derivatives brings clarity to the cost of trading and clearing including exchange fees, clearing commissions and execution brokerage.

FIA Tech’s Fees & Commissions offering incorporates golden source brokerage and clearing commissions, global exchange fee datasets, analysis tools, cost calculation engines, and more.

What is FCR?

FIA Tech’s Fees & Commissions Repository (FCR) is the industry’s golden source repository for all exchange fee, commission, and brokerage rate schedules along with supporting reference data.

Tightly integrated to FIA Tech’s Docs service, FCR gives clients and brokers a holistic tool to manage full service, execution only and clearing only trading relationships. With a comprehensive user interface, API coverage and tools, FCR gives buy- and sellside firms full control and transparency to the process with integration to internal systems.

With exchange fees sourced from the Exchange Fees Databank (EFD) firms can rely on fee schedules accurately enriched with correct data from the industry’s trusted source. Further, with seamless integration to the FIA Tech Docs platform, rate schedules are synched to the appropriate Give Up Agreement’s Rate Schedule for brokerage, dramatically reducing manual updates and chance for error.

Execution Cost Analysis (XCA)

TRANSPARENCY AND STANDARDIZATION OF TRADE LIFECYCLE COSTS

XCA provides firms with visibility into their universe of trading costs, to support improved pre and post-trade operations for ETD activity.

XCA sources data from:

Docs Give-up Agreement Service (Docs)
Fees & Commissions Repository (FCR)
Databank Exchange Fees (EFD)
Other sources – XCA is platform agnostic

Why XCA?

Cost Calculation: Users can model potential or historical trades with the XCA interface, to calculate total costs of given trade, including Brokerage and Clearing commissions, and applicable fees based on specified exchange memberships.

Transparency into complex & fragmented data: XCA normalizes cost data based on FIA Tech’s Product Hierarchy and data structure, and displays to users in an easily navigable interface.

Relationships can be viewed by top-level organizations down to individual legal entities, providing efficiency in review and granularity for deep analysis.

Easy onboarding: Quick onboarding process requiring little to no customer resource.

Multi-Symbology Support: Allows firms to leverage their preferred product symbology (BBG, GMI, RIC, Clearing Code, Product Name)

EFD – Accurately calculate fees associated with exchange traded derivatives

A globally aggregated database which provides sales, trading and clearing operations with a transparent means of aggregating, interpreting and monitoring the complex fees associated with trading on global exchanges.    

Dataset includes:

Trader Identity
Membership type should that have an impact on the fee charged (i.e. member vs. non-member rates)
Trading Platform – electronic, open outcry, etc
Trade Type – Regular Trade, Block, EFRP, etc
Volume Threshold – volume discounts applicable to a certain transaction