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Transaction fees cash and warrants market

Segment Participant Variable Minimum Maximum
prime market Agent/Principal
Class 1
4.00 bp EUR 1.80 EUR 90.00
Agent/Principal
Class 2
3.00 bp EUR 0.90 EUR 67.50
Agent/Principal
Class 3
2.00 bp - EUR 45.00
Market Maker 1.00 bp - EUR 18.00
Specialist 0.00 bp - -
 mid market continuous, standard market continuous Agent 4.00 bp EUR 1.80 EUR 90.00
Principal 4.00 bp EUR 1.80 EUR 90.00
Market Maker 1.00 bp - EUR 18.00
Specialist 0.00 bp EUR 0.00 EUR 0.00
mid market auction Agent 5.00 bp EUR 3.60 -
Principal 5.00 bp EUR 3.60 -
Liquidity Provider 4.00 bp EUR 3.60 -
standard market auction 6.00 bp EUR 3.60 -
bond market.at 1.00 bp EUR 5.50 EUR 55.00
other securities.at Agent 7.00 bp EUR 3.60 -
Principal 7.00 bp EUR 3.60 -
Market Maker 2.00 bp EUR 1.80 -
Liquidity provider 7.00 bp EUR 3.60 -
certificates, warrants Agent EUR 5.50 - -
Principal EUR 5.50 - -
Market maker
or specialist
0.50 % EUR 2.00 EUR 5.50
exchange traded funds Agent 4.00 bp EUR 1.80 EUR 90.00
Principal 4.00 bp EUR 1.80 EUR 90.00
Market Maker 2.00 bp EUR 1.80 EUR 36.00
investment funds Agent 4.00 bp EUR 5.50 EUR 90.00
Principal 4.00 bp EUR 5.50 EUR 90.00
Market Maker 2.00 bp EUR 5.50 EUR 36.00

Each bp (basis point) representing 1/10,000 of the trading volume per trade and side in Euro.

The transaction fees for agent and principal trades on the prime market are calculated based on the trading volumes of the members within one calendar month. The total trading volumes of a member are recorded at the end of every trading day during a calendar month broken down by the agent and principal trades of the current month. As soon as the respective turnover thresholds of the turnover classes for agent and principal trades pursuant to the table are passed, all further trades of a member during the current month are invoiced at the transaction fees that apply to the next turnover class.

Turnover Classes on the Prime Market
Class Lower limit p.m. Upper limit p.m.
1 as of EUR 0 up to EUR 150m
2 over EUR 150m up to EUR 450
3 over EUR 450m -

If a trading participant is a 100% subsidiary of another trading participant (direct or indirect) and both take part in trading on the cash market, then the trading volumes in agent and principal trades of these trading participants are added for the purpose of computing the turnover classes.

Adjustment fees cash market

Adjustment Fee Calculation basis
Changes in cash market trades under Xetra® EUR 5.00 per change and trade
Cancellations of cash market trades in Xetra® by WBAG
with the exception of trades in certificates and warrants
EUR 100.00 per order triggering cancellation
Cancellations: trades on certificates and warrants in Xetra® by WBAG EUR 30.00 per order triggering cancellation
Cancellations: cash market trades in the SICS settlement system EUR 150.00 per trade
Cover purchase EUR 250.00 per trade
Cash Settlement EUR 250.00 per trade
Manual order entry by WBAG EUR 5.00 per order
Manual order deletion by WBAG EUR 0.00 per order