Fee Schedule

General Fee Schedule

Account Fees Fee Amount
Application Fee No Fee
Deposit & Withdrawal Fee No Fee
Monthly Inactive Account Fee * $2.00
* At the start of each calendar month the Exchange will assess an Inactive Account Fee of $2.00 per month to inactive accounts. An account is considered inactive if it has had no trading activity during the prior calendar month.

 

 

Daily Rain, Snow, Temperature and Landfall Markets Fee Schedule **

Precipitation and Temperature Contracts Landfall Contracts
Trading Fees (on all completed trades) Trading Days Prior to Final Settlement Storm Status Relative to Chosen Strike Code’s Landfall Points Fee Amount
(per contract)
All Bids *  **
7 Storm name has not yet been assigned by NHC. $0.02
6 Storm named, but outside of locations listed below. $0.03
5 Within 198 miles of 120-hour storm forecast location. $0.04
4 Within 151 miles of 96-hour storm forecast location. $0.05
3 Within 103 miles of 72-hour storm forecast location. $0.06
2 Within 74 miles of 48-hour storm forecast location. $0.08
1 Within 56 miles of 36-hour storm forecast location. $0.10
* Effective February 1, 2020, on any day in which…

  • at least 100 7-day contracts were purchased in each of 15 or more cities; or
  • at least 500 7-day contracts were purchased in each of 4 or more cities; or
  • at least 2,500 7-day contracts were purchased in each of 1 or more cities

…then no fee applies for all 7-day contracts purchased on that day.

** Effective April 1, 2020, if at least 100 contracts were traded on at least 20 different trading days during the calendar month, then no fee applies for all 7-day contracts traded on such days.

Note: Trading fees are charged at trade time, then rebated at month-end. “7-day contracts” means positions in Daily contracts that are taken via Market Orders at least 7 days prior to the Settlement Date.

Settlement Fees (on all open positions at contract settlement) Fee Amount
(per contract)
All settlements
< $0.01
(avg. of $0.005)

 

Weekly Rain Markets Fee Schedule

Trading Fees (on all completed trades) Fee Amount
(per contract)
Executed Buy Order No Fee
Executed Sell Order $0.02
Settlement Fees (on all open positions at contract settlement) Fee Amount
(per contract)
All settlements
No Fee

 

Forex & Metals Markets and Monthly Rain Markets Fee Schedule

Trading Fees (on all completed trades) Fee Amount
(per contract)
All Market Orders No Fee
Limit Orders that execute at the market No Fee
Other limit orders $0.01
Settlement Fees (on all open positions at contract expiration) Fee Amount
(per contract)
Out-of-the-money settlements No Fee
In-the-money settlements $0.01