Tariff Policy


The fee calculation is delineated in the Сalculation Methodology for Fees for all the tariffs mentioned herein

1. Maker - Taker model (FM Marketplace)

  • 1.1. Maker Fee
    • The Maker Software Usage Fee is 0.01% (1 bps) of the trading turnover in US dollars. For transactions in Request for Quote (“RFQ”) mode, an alternative maker fee may be determined through a mutual agreement between the liquidity provider and Finery Markets
    • Overnight (roll-over) fees: 10% of revenue derived from the roll-over (overnight) fees charged by Users
  • 1.2. Taker Fee
    Tier 3 Tier 2 Tier 1
    Trading volumes for a calendar month (including trades in RFQ mode), USD equivalent Less than $50 mln >= $50 mln and < $200 mln >= $200 mln
    Software Usage Fee Rate 0.03% (3 bps) 0.02% (2 bps) 0.01% (1 bps)
  • 1.3. Other fees
    • Onboarding fee is defined based on the specific configuration of the User’s market setup
    • Minimum monthly fee is defined based on the specific configuration of the User’s market setup

2. Master - sub-account model (FM Liquidity Match)

  • 2.1. The master account functions as a representative for the purpose of fee payment
    • 2.1.1. Software Usage Fee
      Tier 3 Tier 2 Tier 1
      Aggregated trading volumes for a calendar month, (including trades in RFQ mode), USD equivalent Less than $50 mln >= $50 mln and < $200 mln >= $200 mln
      Software Usage Fee Rate 0.03% (3 bps) 0.02% (2 bps) 0.01% (1 bps)

      Where a Master account acts as a Maker and trades with either another Master account or a Taker, the maker fee is 0.01% (1 bps). For transactions in Request for Quote (“RFQ”) mode, an alternative maker fee may be determined through a mutual agreement between the liquidity provider and Finery Markets

    • 2.1.2. Other fees
      • Onboarding fee is defined based on the specific configuration of the User’s market setup
      • Minimum monthly fee is defined based on the specific configuration of the User’s market setup
      • Overnight (roll-over) fees: 10% of revenue derived from the roll-over (overnight) fees charged by Users
      • Whitelabel fee: 10 000 USD (per month)
  • 2.2. The sub-accounts act as representatives for the purpose of fee payment
    • 2.2.1 Maker Fee
      • The Maker Software Usage Fee is 0.01% (1 bps) of the trading turnover in US dollars. For transactions in Request for Quote (“RFQ”) mode, an alternative maker fee may be determined through a mutual agreement between the liquidity provider and Finery Markets
      • Overnight (roll-over) fees: 10% of revenue derived from the roll-over (overnight) fees charged by Users
    • 2.2.2 Taker Fee
      Tier 3 Tier 2 Tier 1
      Trading volumes for a calendar month, (including trades in RFQ mode), USD equivalent Less than $50 mln >= $50 mln and < $200 mln >= $200 mln
      Software Usage Fee Rate 0.03% (3 bps) 0.02% (2 bps) 0.01% (1 bps)
    • 2.2.3 Other fees
      • Onboarding fee is defined based on the specific configuration of the User’s market setup
      • Minimum monthly fee is defined based on the specific configuration of the User’s market setup
      • Whitelabel fee: 10 000 USD (per month)

3. Interdealer trades (both FM Marketplace & FM Liquidity Match)

  • 3.1. Maker Fee

    The Maker Software Usage Fee is 0.01% (1 bps) of the trading turnover in USD equivalent

  • 3.2 Taker fee

    Taker do not pay fees for interdealer trades

  • 3.3 Other fees
    • Onboarding fee is defined based on the specific configuration of the User’s market setup
    • Minimum monthly fee is defined based on the specific configuration of the User’s market setup

4. Fee Clarifications

  • 4.1. Software Usage Fee Basis:

    Software Usage Fees are charged for access to, and use of, Finery Markets’ software and infrastructure.

  • 4.2 Overnight Fees:

    Finery Markets’ share from overnight fees reflects compensation for providing technical tools that enable Users to manage such fees.

effective date: Jan 10, 2025
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