Legal / Markets Traded and Regulations

Authorised and regulated by the FSC Mauritius, license C112011088. Registered Number: 113933

https://www.fscmauritius.org


Investment Dealer Licence


Global Business Licence


Important changes in market access and data fees

Dear Investor,

The world is today changing faster than ever. Over the last ten years, an explosion in the free availability of financial information and online trading technology has established the most level playing field the world has ever seen and, in so doing, seriously dented the centralised execution monopolies we call Stock Exchanges. Their trading volumes caved in. Main US Stock Exchanges saw a full 75 percent drop in their key Liquidity Providers’ volumes (see Bloomberg Article of 22 January 2016: http://investorseu.com/1pcWwL4). From being a long term cash-cow monopoly, the stock exchange execution business turned South and went sour. To make up for the fall in execution revenue, stock exchanges outside the US had two choices: they could either embrace technological change and compete or they could cannibalise unrelated sources of income to paper over the cracks.

They opted for the latter and implemented massive increases in market data fees. To force captive clients to pay for these steep increases, some then made the execution of securities on their exchanges contingent on the payment of market data fees. A recent (2015) example of this type of ‘restrictive monopoly practice’ was the Australian stock exchange which increased market access fees massively overnight by suddenly making them contingent on the payment of annual data fees. This followed the lead of the German stock exchange, some three years earlier. The rest of the world’s exchanges have now quickly followed suit in using data feed access to permit execution on their markets.

This is the reason for my writing to you today as recent changes have forced the company to accept that these global changes are here to stay and, indeed, for the long term. As from April 2016, the global exchange data feed costs (which the company has been absorbing on behalf of clients over the last ten years) will increase by well over 1500% p.a. The company has therefore taken the decision to reflect these changes back onto clients starting 2 April 2016, for the calendar year, when the equivalent of 59 cents per trading day (or 41 cents per calendar day) will be passed on as a one-off yearly charge of USD 150 for companies whose base currency is the US Dollar. (GBP 150 for GBP Base Currency; EUR 150 for Euro Base Currency; Euro 150 equivalent for other base currencies).Individual trading accounts with USD base currency accounts will be charged, on the same basis, USD 100 (the equivalent of 39 cents per trading day or 27 cents per day), GBP 100 for GBP Base Currency; EUR 100 for Euro Base Currency and Euro 100 equivalent for other base currencies.Given the international complexity of our global trading operations and the amount of markets covered by Rock Trader PRO, we will also trim some unused/ illiquid markets on the basis that we have other more specialised online trading platforms available for these. Where and when this applies to specific clients, we will contact these clients to rehome their securities.

The Rock Trader PRO online trading platform has always been free to our clients and will continue to be totally free. There are no account maintenance fees, no custody fees. No settlement fees, no charges for receiving orders by phone or by email and no charges for providing ongoing support. In addition, many of you will have noticed that Rock Trader PRO was entirely rebuilt and totally modernised as recently as last year. We therefore ask for your understanding in this matter, within the context of a rapidly evolving financial world in which, as your execution-only stockbroker, we will continue to focus on what we believe we do best, which is to serve you.

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Bertrand Boulle, Managing Director,
Investors Europe (Mauritius) Ltd.,
Level 12, NeXTeracom Tower II,
Ebene-Cybercity 72201,
Mauritius
E: bertrand.boulle@investorseurope.com


Some Markets Offered by Investors Europe and their Regulations

Exchange nameSymbolRegulations
NASDAQNASDAQ & NSCRead more
New York Stock ExchangeNYSE & ARCARead more
NYSE MKTAMEXRead more
OTC Bulletin Board/Pink SheetsOOTC & OTCBBRead more
Toronto Stock ExchangeTSERead more
TSX Venture ExchangeTSXRead more
Europe / Middle East / Africa
Athens ExchangeATRead more
BME Spanish ExchangesSIBERead more
Deutsche Börse (XETRA)FSERead more
Irish Stock ExchangeISERead more
London Stock Exchange (IOB)LSE_INTLRead more
London Stock ExchangeLSE_SETSRead more
Milan Stock ExchangeMILRead more
NASDAQ OMX CopenhagenCSERead more
NASDAQ OMX HelsinkiHSERead more
NASDAQ OMX StockholmSSERead more
NYSE Euronext Amsterdam (AEX)AMSRead more
NYSE Euronext BrusselsBRURead more
NYSE Euronext LisbonLISBRead more
NYSE Euronext ParisPARRead more
Oslo Stock ExchangeOSERead more
Prague Stock ExchangePRARead more
SIX Swiss ExchangeSWX & VXRead more
Vienna Stock ExchangeVIERead more
Warsaw Stock ExchangeWSERead more
Johannesburg Stock ExchangeJSERead more
Asia / Pacific
Australian Securities ExchangeASXRead more
Hong Kong ExchangesHKEXRead more
Singapore ExchangeSGX-STRead more
Tokyo Stock ExchangeTYORead more
Futures Exchanges
Chicago Mercantile ExchangeCMERead more
Chicago Board of TradeCBOTRead more
Chicago Board Options ExchangeCBOERead more
Commodity ExchangeCOMEXRead more
New York Mercantile ExchangeNYMEXRead more
Euronext Equity and Index DerivativesAMSRead more
European Energy ExchangeEEXRead more
Euronext Equity and Index DerivativesPARRead more
Euronext Commodities DerivativesPARRead more
Hong Kong ExchangesHKEXRead more
ICE Futures EuropeICERead more
ICE Futures Europe-FinancialsICE-LIFRead more
ICE Futures U.S.NYBOTRead more
ICE Futures Europe- Soft CommoditiesICE-SOFTRead more
Borsa Italiana SpAIDEMRead more
Spanish Official ExchangeMEFFRead more
Bourse de MontrealMONRead more
Osaka ExchangeOSARead more
Sydney Futures ExchangeSFERead more
Singapore ExchangeSGXRead more
NASDAQ OMX StockholmSSERead more
EUREXEurexRead more
Options Exchanges
Australian Securities ExchangeASXRead more
Euronext Equity and Index DerivativesAMSRead more
Euronext Equity and Index DerivativesPARRead more
EUREXEurexRead more
Hong Kong ExchangesHKEXRead more
ICE Futures Europe-FinancialsICE-LIFRead more
Borsa Italiana SpAIDEMRead more
NYSENYSERead more
NYSE ArcaARCARead more
BATSBATSRead more
Boston Options ExchangeBOXRead more
Chicago Board Options ExchangeCBOERead more
C2C2Read more
International Securities ExchangeISERead more
MIAXMIAXRead more
NASDAQNASDAQRead more
Euronext Commodities DerivativesPARRead more
Hong Kong ExchangesHKEXRead more
ICE Futures EuropeICERead more
ICE Futures Europe-FinancialsICE-LIFRead more
ICE Futures U.S.NYBOTRead more
ICE Futures Europe- Soft CommoditiesICE-SOFTRead more
Borsa Italiana SpAIDEMRead more
Spanish Official ExchangeMEFFRead more
Bourse de MontrealMONRead more
Osaka ExchangeOSARead more
Singapore ExchangeSGXRead more
Chicago Mercantile ExchangeCMERead more
Chicago Board of TradeCBOTRead more
Commodity ExchangeCOMEXRead more
New York Mercantile ExchangeNYMEXRead more
NASDAQ OMX StockholmSSERead more
Oslo BorsOSERead more

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Investors Europe (Mauritius) Limited is authorised and regulated by the FSC Mauritius, license C112011088. Registered address: 3rd Floor Ebene House, Hotel Avenue,33 Cybercity, Ebene 72201, Republic of Mauritius. Registered Number: 113933.

Any information contained on this website is provided to you for informational purposes only and should not be regarded as an offer or solicitation of an offer to buy or sell any investments or related services that may be referenced here. Investing in certain instruments, including stocks, options, futures, foreign currencies, and bonds involve a high level of risk. Trading on margin comes with substantial risk as well. You must be aware of these risks before opening an account to trade. The income you may get from online investing may go down as well as up.