FORTS: Inefficient Transaction Fee - page 3
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Still, this figure "does not fit" into your formula.
It's not my formula, it's the exchanges'.
And everything fits:
Penalty = 0.1 * ( 2081 * 1 point - 0 ) = R208.1.
0 - no transactions
Free threshold - 2000 transactions.
P/S Andrei! Are you seriously interested in the exchange?
It's not my formula, it's the exchanges'.
And everything fits:
Penalty = 0.1 * ( 2081 * 1 point - 0 ) = 208.1 RUB.
I get it, there were trades last time, so the calculation was more complicated.
P/S Andrew! Are you seriously interested in the exchange?
What do you see as interest?
If I see advantages for my trading, I will certainly master the exchange. Only I don't think it will be Moscow, Chicago is closer to me.)
I get it, there were trades last time, so the calculation was more complicated.
What do you think is the interest?
If I see advantages for my trading, I will definitely master the exchange as well. Only I am unlikely to go to Moscow, I am closer to Chicago.)
I am very impressed by your approach to business - thoroughness.
But, if I may, I would start with Moscow and then move to CME...
Having honed my skills.
I am very impressed with your approach to the case - thorough.
But, if I may, I would start with Moscow and then on to the CME...
Having honed my skills.
Today, again, a penalty of RUB 61.1 for inefficient transactions was "pleased".
On that trading day, there were 2,111 transactions, with buy-sell
futures, which amounted to a fee of 37.5 rubles.
Question: Which formula does the exchange calculate if I "missed" the threshold of 1,389 transactions?
2000 - (2111 * 1 point - (37.5 * 40 points ) = 1389 free transactions left.
Today, again, a penalty of RUB 61.1 for inefficient transactions was "pleased".
On that trading day, there were 2,111 transactions, with buy-sell
futures, which amounted to a fee of 37.5 rubles.
Question: Which formula does the exchange calculate if I "missed" the threshold of 1,389 transactions?
2000 - (2111 * 1 point - (37.5 * 40 points ) = 1389 free transactions left.
Very interesting! I hope there will be a response from the exchange?
Got to 1861 transactions today and stopped to check tomorrow. Was going to go over the maximum by formula a bit tomorrow.
Very interesting! I hope there will be a response from the exchange?
Got as far as 1861 transactions today and stopped to check tomorrow. Was going to go over the maximum by formula a bit tomorrow.
I wrote to both the exchange and the broker.
I hope someone will reply.
But you can calculate what they did:
61.1 = 01 * (2111 - (x * 40) ) or 611 = 2111 - (x * 40) or -1500 = -( x*40) or
40x = 1500, then x = 1500/40 = 37.5
Hence, it follows that the Exchange will take EVERYTHING if the threshold of 2000 transactions is exceeded.
Another thing is if each transaction will have a commission, then even if the threshold is exceeded,
even if the threshold is exceeded, there is no penalty.
The topic can be closed.
I have written to both the stock exchange and the broker.
I hope someone will respond.
But it is possible to calculate what they did:
61.1 = 01 * (2111 - (x * 40) ) or 611 = 2111 - (x * 40) or -1500 = -( x*40) or
40x = 1500, then x = 1500/40 = 37.5
Hence, it follows that the Exchange will take EVERYTHING if the threshold of 2000 transactions is exceeded.
Another thing is if each transaction will have a commission, then even if the threshold is exceeded,
even if the threshold is exceeded, there is no penalty.
The topic can be closed.
I think it's too early to close, the exchange or broker should return the misappropriated funds.
Watch how they did.
If from the start of the day, there are no transactions, then ALL transactions will be inefficient:
x transactions - (0 * 40) is always greater than zero.
Even if you then make transactions, x-transactions - (0 * 40) is still greater than zero, i.e. an ineffective transaction.
Therefore, if transaction != transaction, then it will ALWAYS be inefficient.
In other words, you will always go over the threshold if you don't stop, and if you go over, you're fined!