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Cost reduction
For investors trading U.S. Dollar complex rollovers.
New U.S. Dollar Complex Fee Structure
Discover the benefits to be granted on the new U.S. Dollar complex fee structure
Discover the benefits to be granted on the new U.S. Dollar complex fee structure
In order to distinguish the fee structure for the U.S. Dollar complex (DOL/WDO), the new U.S. Dollar futures fee structure was implemented on October 2, 2023, except for investors registered in the HFT program.
Furthermore, on October 2, 2023, the HFT Program started granting fee benefits for arbitrage trades.
For investors registered in the HFT program, the change to the U.S. Dollar futures fee structure was implemented on January 2, 2024.
Read more in the “Details” section.
Sign up and follow up the project
Product benefits
Efficiency
Improved liquidity among U.S. Dollar futures contracts.
More about the benefits for each type of trade
The project will deliver distinct benefits to the market for each type of trade with cost reduction
Incentive to arbitrage
Fee benefits for arbitrage strategies
Fee benefits for U.S. Dollar and Mini U.S. Dollar rollovers
With the arbitrage incentive program, since October 2, 2023 all “non-day trades” now pay discounted HFT Program fees, as long as they are registered and meet the program requirements.
Arbitrage strategies are considered to be volumes of the same underlying asset but with opposite natures. As an example, buying 5 Mini U.S. Dollar contracts (WDO) and selling 1 standard U.S. Dollar contract (DOL) will be considered an arbitrage strategy.
Currently, there is a 50% discount on the U.S. Dollar Rollover (DR1) short leg on the last two trading days of each month. However, this discount does not apply to Mini U.S. Dollar (WD1) rollover.
In the first half of 2024, the benefit of the U.S. Dollar Rollover discount (DR1) was extended an extra day, starting to be applied on the last three trading days of each month.
Additionally, a 50% discount will be given to the Mini dollar Rollover (WD1) short leg on the last three trading days of each month. This measure aims to optimize rollover opportunities and provide additional benefits to market participants.
Timeline
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10/02/2023
End of go-live rollout
New fee structure for non-HFT investors
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10/02/2023
Other
Arbitrage incentive for new HFT Program investors
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10/02/2023
Other
Incentive to arbitrage for investors participating in the HFT activity.
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01/02/2024
Other
New fee structure for HFT and RLP investors
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06/03/2024
Go-live
Discount for U.S. Dollar Futures rollovers
Technical details
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Catalog changes
No catalog changes
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Main systems
No system impacted
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Main related functions
No functions impacted
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Certification roadmap
No impact
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What is the Sinacor version?
To be defined
