Vatori vechikamu vekutengesa vanobhadhara mari yekomisheni pane zvibvumirano zvavanopedzisa. Saizi yemakomisheni aya inosiyana zvichienderana nemutengo wakasarudzwa neanotora chikamu. Tichataura nezvavo muchinyorwa, uye nezve ese mafizi (makomisheni) aunoda kubhadhara.
Iyo huru tariffs paMoscow exchange
Tafura inoratidza mitengo iripo yeMoscow Exchange (VAT haina kubhadhariswa):
| Zita | Kuunganidzwa kwekuchinjana pachako | HKO NCC (National Clearing Center) | Total Commission |
| Mutero Nhamba 1 | |||
| Fixed chikamu (rubles) | – | – | – |
| shure | 0.00575% | 0.00425% | 0.01% |
| Mutero №2 | |||
| Fixed chikamu (rubles) | 14.38 zviuru | 10.63 zviuru | 25 zviuru |
| shure | 0.0053475% | 0.0039525% | 0.0093% |
| Mutero Nhamba 3 | |||
| Fixed chikamu (rubles) | 143.75 zviuru | 106.25 zviuru | 250 zviuru |
| shure | 0.0050025% | 0.0036975% | 0.0087% |
| Mutero Nhamba 4 | |||
| Fixed chikamu (rubles) | 258.75 zviuru | 191.25 zviuru | 450 zviuru |
| shure | 0.0047725% | 0.0035275% | 0.0083% |
| Mutero Nhamba 5 | |||
| Fixed chikamu (rubles) | 460 zviuru | 340 zviuru | 800 zviuru |
| shure | 0.0046% | 0.0034% | 0.0080% |
Chisingaperi (chisingachinji) chikamu – chakabhadharwa pazuva rekutanga rekutengesa (nguva yenguva muzuva iro shanduko ichiita kutengeserana) yemwedzi wega wega, zvisinei nekuti pakanga paine chikumbiro (kurongeka) kana kupedzisa / kupedzisa kwekutengeserana kana kwete.
Chikamu chekumashure chinobhadharwa kubva pachiyero chekutengeserana pazuva rekutengeserana, komisheni imwe neimwe inenge 0.01 rubles.
Kuchinja kwemutero kunobva pachikumbiro chemutori wechikamu chesarudzo yechirongwa chekuchinjana chakadaro. Chikumbiro chinofanira kuendeswa kuHKO NCC Bank mukati memazuva mashanu ekushanda isati yatanga mwedzi unotevera wekarenda (mutero wakasarudzwa uchange uchishanda kubva pairi).
Mari yekubvumidzwa kutora chikamu mune auction
Huwandu hwemipiro, zvichienderana neboka reVatori vechikamu iro bhuroka iri, zvinounzwa mutafura:
| Zvikamu zveVatori vechikamu | Mupiro pachikamu |
| “O” | 5,000,000 |
| “O” (mubhadharo wakawedzerwa) | 250 000 |
| “F1” kana “F2” | 3,000,000 |
| “T1” kana “T2” | 1,000,000 |
| “D1” kana “D2 | 1,000,000 |
Imwe mari inotorwa kubva kune Vatori vechikamu “O” yekunyoresa. Haisi kubhadhariswa nguva dzose. Sarudzo pamusoro pekuwanikwa kwezvikonzero zvekuregererwa kubva pamari iyi inoitwa pakurudziro yeDerivatives Market Committee yePJSC Moscow Exchange.
Muchidimbu nezvezvikamu:
- “O”. Vatori vechikamu mukutengeserana vanopihwa rezinesi rebrokerage / mutengesi zviitiko kana kushanda pakutarisira kwezvinhu zvakakosha. Nhengo dzechikamu ichi dzine kodzero yekutengesa muzvikamu zveStock, Commodity uye Mari. Vanogona kutengesa kubva ku:
- muzita rake pachake uye nomubhadharo wake;
- zita rake uye nemari yemutengi;
- pachinzvimbo uye nemubhadharo wevatengi vari kuchenesa vatori vechikamu, pamwe nekuita kutengeserana nechiratidzo chekuchenesa bhuroka (zvichienderana nekuti vanotevedzera chikamu chakakodzera chemamiriro ekuwana).
- “F1”. Vatori vechikamu vanofanirwa kuve nerezinesi rekuita zvebrokerage kana zviitiko zvekutonga kwezvinhu zvakakosha. Nhengo dzechikamu ichi dzine kodzero yekutengesa muchikamu cheStock kubva:
- zita rake uye nemari yevatengi;
- pachinzvimbo uye nemubhadharo wevatengi – kuchenesa vatori vechikamu, pamwe nekupedzisa kutengeserana nechiratidzo chekuchenesa bhuroka.
- “F2”. Vatori vechikamu vanofanirwa kuve nerezinesi rekutengesa. Ichi chikamu cheVatori chinotenderwa kutengesa muStock Chikamu kuita matranseks:
- pachinzvimbo chayo uye nemubhadharo wayo;
- zvichiratidza clearing broker.
- “T1”. Vatori vechikamu vanofanirwa kupihwa rezinesi rebrokerage (rezenisi rekuitwa kwekondirakiti yakadaro inoverengerwa – inotorwa hupfumi hupfumi neiyo iripasi asset muchimiro chechinhu) kana zviitiko zvekutonga kwezvinhu zvakakosha. Ava Vatori vechikamu vanopihwa mukana kuCommodity Chikamu chekutengesa:
- pachinzvimbo chayo uye nemari yevatengi;
- pachinzvimbo uye nemari yevatengi – kuchenesa vatori vechikamu;
- zvichiratidza clearing broker.
- “T2”. Vatengi vanofanirwa kuve nerezinesi rekuita zvemutengesi kana vanofanirwa kunge vari masangano ane huwandu hwemari yavo inosvika 5 miriyoni rubles. Chikamu ichi chinokwanisa kuwana Chikamu cheCommodity chekutengeserana:
- pachinzvimbo chayo uye nemubhadharo wayo;
- zvichiratidza clearing broker.
- “D1”. Vatori vechikamu vanofanirwa kuve nerezinesi rekuita zvebrokerage kana zviitiko zvekutonga kwezvinhu zvakakosha. Ava Vatori vechikamu vanotenderwa kutengeserana muChikamu Chemari kuti vaite kutengeserana:
- pachinzvimbo chayo uye nemari yevatengi;
- pachinzvimbo uye nemari yevatengi – kuchenesa vatori vechikamu;
- zvichiratidza clearing broker.
- “D 2”. Vatori vechikamu vanofanirwa kuve nerezinesi rekutengesa kana kuve kiredhiti / sangano renyika. Ichi chikamu cheVatori chinotenderwa kutengesa muchikamu cheMari kuita kutengeserana:
- pachinzvimbo chayo uye nemubhadharo wayo;
- zvichiratidza clearing broker.
Zvinoenderana nezvinopihwa zveMitemo Yekukodzera, Vatori vechikamu vanogona kubvumidzwa kutengesa mune imwechete kana kupfuura zvikamu zvemusika kamwechete, kusanganisira chikamu chimwe kana maviri muchikamu chimwe.
Mitemo yekubvuma inogona kuwanikwa
pano .
Kuchinja uye kubhadhara mari
Mari idzi mbiri dzinobhadhariswa pane remangwana uye zvibvumirano zvemargin, uye mari yekuchinjana inobhadhariswawo pane scalping trades.
Mari yezvibvumirano zveramangwana
Huwandu hwemakomisheni ekuchinjana (mubhadharo) wekushandisa zvisina chinangwa kana chinangwa chemirairo yeramangwana inoverengerwa sezvizvi:
FutFee = Round (Round (abs(FutPrice) * Round(W(f)/R(f);5) ;2) * BaseFutFee;2)
FutFee ≥ 0.01 rub.
Iyo decoding yeformula values inoratidzwa mutafura:
| Zita | Decryption |
| footfee | Saizi yekomisheni yekutengesa ramangwana (mu rubles). |
| Round | Basa rakavakirwa-mukati rine basa rekutenderedza nhamba nekunyatsopihwa. |
| abs | Basa rekuverenga kukosha kwakazara (nhamba iyi haina kusaina). |
| W(f) | Iko kukosha kweiyo shoma mutengo nhanho, iyo inotarwa maererano neanoenderana neramangwana (mu rubles). |
| R(f) | Iko kuderera kwemutengo wekufamba, iyo inotarirwa maererano neramangwana rinoenderana. |
| BaseFutFee | Hwaro hwekutsinhana kweyero yeremangwana rekutakura kweContract Group kwairi:
|
| FootPrice | Iko kukosha kwemutengo weramangwana, yakatemwa maererano nendima 3.4.2-3.4.3 yegwaro iri ( muzvikamu zvekuyera zvinoratidzwa mumutengo wavo pakuisa hurongwa). |
Mari yezvibvumirano zvemargin based
Margin ndiyo mutsauko pakati pemutengo uye mutengo (inofanana nepfungwa yepurofiti). Uye sarudzo dzakaganhurirwa mashandiro ane chekuita nekutengesa sarudzo, umo pasina kuyerera kwemari kumaakaundi evose vatengi nevatengesi, asi huwandu hwese hwekuchengetedza hunochengetwa pamaakaundi ekutengesa evatori vechikamu mukutengeserana.
OptFee = Round (min [(FutFee * K); Round(Premium * Round(W(o)/R(o)) ;5) ; 2) * BaseFutFee] ;2)
OptFee ≥ 0.01 rub.
Iyo decoding yeformula values inoratidzwa mutafura:
| Zita | Decryption |
| Opt Fee | Huwandu hwekomisheni (muRubles) yekuita chibvumirano. |
| Round | Pane kupatsanurwa muchikamu chakapfuura. |
| footfee | Mari yeKomisheni (muRubles) yekutengeserana kweramangwana. |
| Premium | Iko kukosha kweiyo sarudzo premium (mumayuniti echiyero anotsanangurwa muhurongwa hwemutengo wesarudzo). |
| W(o) | Saizi yemutengo wakaderera nhanho (mu rubles). |
| R(o) | Minimum mutengo kufamba. |
| BaseFutFee | Kukosha kwechiyero chebhesi iyo sarudzo inopedzwa ndeye 0.06325 (exchange). Iyo yakaverengerwa base mhindu mwero wekupedzisa ndeye 0.04675 (kubvisa). |
| To | Wedzero coefficient: K=2. |
Muripo wekutengesa scalping
Scalping future trading kutengeserana kunobva pane-isina-chinangwa mirairo. Ivo vanotungamira mukuvhurwa nekuvhara kwenzvimbo dzenguva yemberi mukati meimwe nguva yekutengesa. Mamwe mashoko pamusoro pezvishandiso zvezvibvumirano izvi patafura:
| Zita | Tsanangudzo | Billing |
| Ramangwana | Forward transactions yakaitwa pahwaro hwezvisiri-chinangwa mirairo, inotungamira kuvhurwa nekuvhara kwezvinzvimbo mune ramangwana mukati meimwe nguva yekutengesa. | 0.5 yehuwandu hwekutsinhana mari ye scalping trades. |
| Options | Forward transactions kunoitwa pahwaro hwezvisiri-zvinotarirwa mirairo, kana sarudzo ichiitwa mukati meimwe nguva yekutengesa (zvisinei nekukosha), inotungamira pakuvhurwa kwezvinzvimbo zvakapesana. Kutengwa kwezvisarudzo zvekutenga (Kufonera) uye kutengesa – kutengesa (Kuisa) kunogona kutungamira pakuvhurwa kwenzvimbo refu mune ramangwana. Kutengesa Kufona Sarudzo uye kutenga Isa Sarudzo zvinozoguma mune pfupi remangwana zvinzvimbo. Sarudzo dze scalping pairs:
|
Iyo yakazara komisheni yekuita scalping trades uchishandisa sarudzo inoverengerwa uchishandisa anotevera mafomula:
- Mari = (OptFee(1) + OptFee(2)) * K → kana OptFee(1) = OptFee(2);
- Mari = 2 * OptFee(1) * K + (OptFee(2) – OptFee(1)) → kana OptFee(1) <OptFee(2);
- Muripo = 2 * OptFee(2) * K + (OptFee(1) – OptFee(2)) → kana OptFee(1) > OptFee(2).
Kududzira zvinorehwa nemafomula kunounzwa mutafura:
| Zita | Decryption |
| Fee | Total exchange commission for scalping operations (mu rubles). |
| Mari Yekusarudza(1) | Huwandu hwemari yekuitwa kwekutengesa mune imwe nguva yekutengesa ine sarudzo dzinotungamira mukuvhurwa kweramangwana, inoverengerwa maererano nechikamu chechikamu “Mari yezvibvumirano zvemargin-based”. |
| Mari Yekusarudza(2) | Nhamba yose yemari yekushandiswa kwekutengeserana munguva yekutengeserana …, iyo inotungamirira kukuvhara kweramangwana, inotarirwa maererano nechikamu chechikamu “Fee … zvichibva pane margin”. |
| To | Chinhu chinogara chiri 0.5. |
Mari yeKarenda Inopararira
Calendar Kupararira – Kutenga uye kutengesa remangwana rine akasiyana maturities zvichienderana nekuparadzira maodha panguva imwe chete.
FeeCS = ΣFutFeeCS * (1 – K) Dudziro yehunhu hwemafomula inoratidzwa mutafura:
| Mazita | Decryption |
| FeeCS | Mari (muRubles) yeKarenda Kupararira zvichibva pane-isina-chinangwa mirairo mukati meimwe nguva yekutengesa. |
| To | Iyo inoshanda yekuderedzwa mwero panguva yekushambadzira, inova 0.2. Iyi nguva, kutanga kubva pazuva rekutanga rekutengesa, mwedzi mitanhatu. Munguva iyi, unogona kupedzisa remangwana zvichibva pane zvisina-chinangwa mirairo. Pakupera kwenguva, mutengo wekuderedzwa hauna kushandiswa (heino iri = 0). |
| ΣFutFeeCS | Mari yekutengeserana kweramangwana (muRubles) inobhadhariswa pahwaro hweCalendar Spread orders inoverengwa sezvinotevera: FutFeeCS = Round ((Round ((abs FutPrice(1))) + abs(FutPrice(2)))* Round (W( f)/R(f);5)) ;2) * BaseFutFee;2) apo:
Kune zvimwe zvakakosha, pane chinyorwa chiri pamusoro. |
Iyo formula yekuverenga huwandu hwemubhadharo weKarenda Inopararira pane remangwana zvichienderana nehurongwa hwe “Calendar Spread” dhiri panguva yekutengeserana zuva ndeiyi inotevera:
FeeCS = ΣFutFeeCS Tsananguro dzehutsika dzakashandiswa dzakatopihwa pamusoro pechinyorwa. .
Dzimwe mari
Kune zvakare mipiro inotevera:
- Mupiro kune Guarantee Fund. Mupiro mudiki pane wega wega weKubvisa Nhengo kuhomwe iyi ndeye 10 miriyoni rubles. Gwaro rePJSC Moscow Exchange pamhando iyi yezvipo – dhawunirodha .
- Kubvisa komisheni uye tariffs. Mafungiro uye zvirevo zvinogona kuwanikwa mumagwaro aya:
- Mari yekutengeserana. Gwaro riri pa “Kuwedzera mari …” yakatsaurirwa kumari iyi nekuchinjana – ona gwaro . Inobhadhariswa kutengeserana:
- zvisingabatsiri (kana mutengesi kana mutengi achiita zvinhu zvakawanda, asi panguva imwe chete achiita zvishomanana zvekutengesa);
- kukanganisa Kudzora kweMafashama (kana mutengesi kana mutengi achiitisa kutengeserana kwakawanda kwakadaro nekodhi yekukanganisa 9999);
- kuurayiwa zvisizvo, asi zvakasiyana neMafashama Kudzora (kana mutengesi kana mutengi wake akaita kutengeserana kwakawanda kwakadaro nemakodhi ekukanganisa 31, 332, 333, 4103, 3, 14, 50, 0).
Kuti utengese paDerivatives Market, iwe unofanirwa kutanga wanzwisisa ese nuances ayo. Kusanganisira nemitengo, makomisheni anobhadhariswa pavari uye mubhadharo unopihwa kune vatori vechikamu mumhando iyi yeauction.
