Makomisheni uye mubhadharo pane ramangwana rekutengeserana

Usati watanga kutengesa remangwana, unofanirwa kujairana nemanuances ese echidzidzo ichi. Kusanganisira – kudzidza makomisheni achafanirwa kubhadharwa kana uchitengesa pakuchinjana pachayo uye HKO NCC (National Clearing Center).

Ramangwana chii?

Makomisheni emangwana paMoscow Exchange

Makomisheni ese kana atengwa anobhadharwa nemutengesi, kunze kwemupiro kuGuarantee Fund – mapato ese anopa mari kwairi.

Pakupa mvumo yekutengesa

Kune akatiwandei emhando dzemipiro, zvichienderana nechikamu cheMutori wechikamu:

• “O” – mamiriyoni mashanu rubles (kusvika kune zvose zvakasarudzwa: stock, mari uye zvinhu);
• “F1” kana “F2” – 3 mamiriyoni rubles (kuwana kusarudzwa kwemasheya);
• “T1” kana “T2” – 1 miriyoni rubles (kuwana kusarudzwa kwezvinhu);
• “D1” kana “D2” – 1 miriyoni rubles (kuwana kusarudzwa kwemari).

KuGuarantee Fund

Iyi mari yemusika inotorwa inoumbwa neClearing Center nemari yemupiro kubva kune vese Vatori vechikamu vanobvumidzwa kucheneswa. Mari yevimbiso inoitirwa kuvhara njodzi dzinobva mukukundikana kwevatori vechikamu kuzadzisa zvisungo zvavo.

Mupiro diki pane iyi homwe yeKuchenesa Nhengo ndeye 10 miriyoni rubles.

Zvekupedzisa zvibvumirano zveramangwana

Kuwanda kwemari munyaya iyi inoverengwa sezvinotevera: FutFee = Round (Round (abs(FutPrice) * Round(W(f)/R(f);5) ;2) * BaseFutFee;2), apo:

• FutFee – mari yekutengeserana yeramangwana (mu rubles), nguva dzose ≥ 0.01 rubles;
• FutPrice – mutengo weramangwana;
• W(f) – mutengo wemutengo wakaderera nhanho yeramangwana rakapedzwa;
• R(f) ndiyo nhanho yemutengo wakaderera weramangwana rakapedzwa;
• Round – basa rinotenderedza nhamba nekurongeka kwakapihwa;
• abs – module kuverenga basa (nhamba isina kusaina).
• BaseFutFee – huwandu hwehuwandu hwehuwandu hweMapoka ezvibvumirano zviripo sezvinotevera: mari – 0.000885%; mhindu – 0.003163%; stock – 0.003795%; index – 0.001265%; zvinhu – 0.002530%.

Nekupedzisa kwezvibvumirano pahwaro hwemargin

Futures margined fees inoverengwa sezvinotevera: OptFee = Round (min [(FutFee * K); Round(Premium * Round(W(o)/R(o);5) ;2) *BaseFutFee] ;2), apo:

• OptFee – kuchinjanisa komisheni (mu rubles), nguva dzose ≥ 0.01 rubles;
• FutFee uye Round – yakafanana nemaitiro endima yapfuura;
• W (o) – saizi yemutengo wakaderera nhanho yeramangwana (mu rubles);
• R (o) – mutengo wepasi nhanho yeramangwana;
• K is a coefficient yakaenzana ne 2;
• Premium – saizi yeprimiyamu yesarudzo (muzvikamu zvechiyero chakatsanangurwa muhurongwa hwemutengo weramangwana);
• BaseOptFee – kukosha kweiyo base rate yekuchinjana ndeye 0.06325 (exchange), iyo base clearing rate ndeye 0.04675.

Zvekutengesa scalping

Komisheni ye scalping trades pane ramangwana 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).

Kupi:

• OptFee (1) – huwandu hwemari yekubhadhara kwekutengeserana kunotungamira pakuvhurwa kweramangwana;
• OptFee (2) – huwandu hwese hunoita kuti ramangwana rivharwe;
• K is a coefficient, inogara yakaenzana ne0.5.

clearing

Inotemerwa muRussia rubles yega yega yega yega yekuchinjana kutengeserana kwemusika wezvinobuda. Zvose pamusoro pekuchenesa makomisheni zvinogona kuwanikwa
mugwaro rakapiwa neMoscow Exchange.

Zvekutengeserana

Mari dzakakamurwa kuita 3 mhando, dzekutengeserana:

• Inefficient. Iwo anoshandiswa kana akawanda kutengeserana akaitwa, asi mashoma ekutengesa anoitwa. Kuverengera formula: TranFee = 0.1 max (K – (f * l) ;0), apo:
  • k – zvibodzwa zvekutengeserana (zvakatorwa kubva patafura pazasi);
  • f – mari yakabhadharwa nokuda kwechokwadi chekutengeserana;
  • l – zvibodzwa zvebvumirano (yakatorwa kubva patafura pazasi).
• Kudzora Kwakashata KweMafashamo. Izvo zvinoshandiswa kana pane zvakawanda zvekutengeserana kwakadaro nekodhi yekukanganisa 9999. Komisheni isingasviki 1 zviuru zveRubles pamusangano wekutengesa haubhadharwi. Mari yakawanda yechikamu chimwe chete ndeye 45 zviuru rubles. Iyo yakakosha formula yekuverenga: Sbor (l) = min (max (x, x2 / 50), 250) * 3.
• Kuurayiwa zvisirizvo asi zvakasiyana neKudzora Mafashama. Inoshandiswa kana paine akawanda matransaction akadaro ane kukanganisa kodhi 31, 332, 333, 4103, 3, 14, 50 uye 0. Kuverengera formula: TranFee2 = min (Cap(max); max (2 * Σх(i); Σх (i)2)). Mari yacho inotorwa kana TranFee2> Cap(min). Tsananguro yezvakakosha:
  • TranFee2 – huwandu hwekomisheni yezvisizvo zvekutengeserana (muRubles kusanganisira VAT);
  • Cap (max), yakaenzana ne30,000 – yakakura komisheni muganho wezvikanganiso zvekutengesa (mu rubles);
  • Cap (min) yakaenzana ne1,000 – kudzikamisa komisheni shoma yezvisizvo zvekutengeserana (mu rubles);
  • х(i) kukosha kunogara kuverengerwa mumwe nemumwe kubva pahuwandu hwemapoinzi ese eiyo i-th sekondi uye muganho wekupinda.

Zvibodzwa tafura yekutengeserana uye yeramangwana transaction:

Mashoko pamusoro pehuwandu hwemari inogona kuwanikwa mumishumo yekuchenesa

Ese mafomula anopiwa nechinangwa chekuziva uye kunzwisisa kwakadzama kwemhando yemakomisheni uye mubhadharo, zviri nani kuti usaverengera chero chinhu iwe pachako.

Nokuda Kwekarenda Inopararira

Mari yekutengeserana yakavakirwa pane isiri-kero mirairo inoverengerwa neformula: Fee(CS) = FutFee(CS) * (1 – K), apo:

• FutFee (CS) – komisheni yemabasa emangwana, inobhadhariswa muRubles maererano nemirairo isina kutaurwa;
• Mari (CS) – chiyero chemari inobhadharwa muRubles pahwaro hwemirairo isina kunyoreswa pazuva rimwe rekutengesa;
• K ndiyo coefficient yekubheja, iyo yakaenzana ne0.2.

Mari yekutengeserana yakavakirwa pane zvakanangwa mirairo inoverengerwa neformula: Fee(CS) = ΣFutFee(CS), uko tsananguro dzehunhu dzakafanana nedzapfuura.

Nderipi zuva rekupera kweramangwana?

Kana iwe uchida kubata chinzvimbo kwenguva yakareba, mushure mekupera kwekupedzisira kweJune remangwana (kana mushure mekuvhara chinzvimbo nguva pfupi zuva rekupera risati rasvika), iwe uchafanirwa kutenga inotevera, yatova Gunyana, remangwana (kushanda uku kunonzi kukunguruka). Paunotenga zvakare (mushure mezuva rekupera), iwe uchafanirwa kubhadhara komisheni zvakare kune yekutsinhana uye bhuroka.

Chikonzero chekubata chinzvimbo, semuenzaniso, chingave chivimbo mukukura kwedhora reUS.

Ngozi yemusika wezvinobvamo

Kune vatengesi vekutanga uye vanoisa mari, musika uyu uzere nenjodzi dzinotyisa. Mumusika uyu, zvakawanda zvinogona kuitika nekukurumidza uye zvisingatarisirwi. Kudonha kwezuva nezuva kwepodfolio kunogona kusvika kumakumi ezana muzana. Pamusoro pekuvhara portfolio yako, unogona zvakare kuwana chikwereti kubva kune broker. Mumamiriro ezvinhu akaoma, kudonha kwechimwe kana chimwe chiridzwa chinogona kusvika 20-60% mukati maawa mashomanana. Izvi zvakafanana nekutengesa nekuwedzera kwe1x20 kana kupfuura.

Izvo zvinodiwa kuti unzwisise njodzi dzinogona kuitika uye kwete kutungamira mari dzese dziripo kumusika wezvinobuda.

Makomisheni ese uye mubhadharo unofanirwa kubhadharwa kuMoscow Exchange uye HKO NCC (National Clearing Center) vane yavo yemitemo uye mafomula ekuverenga. Mamwe mazwi anogara aripo, nepo mamwe ari ega.