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What is PMEX Investor Protection Fund Charges about?

The Pakistan Mercantile Exchange notifies all brokers that effective December 1, 2011, it will charge brokers a lower fee of either 1.25 Pakistani rupees per contract or 1% of the contract trading fee as a contribution to the Investor Protection Fund. This new fee will be collected along with existing trading fees for various commodity futures contracts, which range from 5 to 500 rupees per contract as detailed in an annexure. Brokers are requested to inform their clients of these new charges.

Author

Muhammad Azhar Saleem

Language

EN