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 name Symbol Regulations
NASDAQ NASDAQ & NSC Read more
New York Stock Exchange NYSE & ARCA Read more
NYSE MKT AMEX Read more
OTC Bulletin Board/Pink Sheets OOTC & OTCBB Read more
Toronto Stock Exchange TSE Read more
TSX Venture Exchange TSX Read more
Europe / Middle East / Africa
Athens Exchange AT Read more
BME Spanish Exchanges SIBE Read more
Deutsche Börse (XETRA) FSE Read more
Irish Stock Exchange ISE Read more
London Stock Exchange (IOB) LSE_INTL Read more
London Stock Exchange LSE_SETS Read more
Milan Stock Exchange MIL Read more
NASDAQ OMX Copenhagen CSE Read more
NASDAQ OMX Helsinki HSE Read more
NASDAQ OMX Stockholm SSE Read more
NYSE Euronext Amsterdam (AEX) AMS Read more
NYSE Euronext Brussels BRU Read more
NYSE Euronext Lisbon LISB Read more
NYSE Euronext Paris PAR Read more
Oslo Stock Exchange OSE Read more
Prague Stock Exchange PRA Read more
SIX Swiss Exchange SWX & VX Read more
Vienna Stock Exchange VIE Read more
Warsaw Stock Exchange WSE Read more
Johannesburg Stock Exchange JSE Read more
Asia / Pacific
Australian Securities Exchange ASX Read more
Hong Kong Exchanges HKEX Read more
Singapore Exchange SGX-ST Read more
Tokyo Stock Exchange TYO Read more
Futures Exchanges
Chicago Mercantile Exchange CME Read more
Chicago Board of Trade CBOT Read more
Chicago Board Options Exchange CBOE Read more
Commodity Exchange COMEX Read more
New York Mercantile Exchange NYMEX Read more
Euronext Equity and Index Derivatives AMS Read more
European Energy Exchange EEX Read more
Euronext Equity and Index Derivatives PAR Read more
Euronext Commodities Derivatives PAR Read more
Hong Kong Exchanges HKEX Read more
ICE Futures Europe ICE Read more
ICE Futures Europe-Financials ICE-LIF Read more
ICE Futures U.S. NYBOT Read more
ICE Futures Europe- Soft Commodities ICE-SOFT Read more
Borsa Italiana SpA IDEM Read more
Spanish Official Exchange MEFF Read more
Bourse de Montreal MON Read more
Osaka Exchange OSA Read more
Sydney Futures Exchange SFE Read more
Singapore Exchange SGX Read more
NASDAQ OMX Stockholm SSE Read more
EUREX Eurex Read more
Options Exchanges
Australian Securities Exchange ASX Read more
Euronext Equity and Index Derivatives AMS Read more
Euronext Equity and Index Derivatives PAR Read more
EUREX Eurex Read more
Hong Kong Exchanges HKEX Read more
ICE Futures Europe-Financials ICE-LIF Read more
Borsa Italiana SpA IDEM Read more
NYSE NYSE Read more
NYSE Arca ARCA Read more
BATS BATS Read more
Boston Options Exchange BOX Read more
Chicago Board Options Exchange CBOE Read more
C2 C2 Read more
International Securities Exchange ISE Read more
MIAX MIAX Read more
NASDAQ NASDAQ Read more
Euronext Commodities Derivatives PAR Read more
Hong Kong Exchanges HKEX Read more
ICE Futures Europe ICE Read more
ICE Futures Europe-Financials ICE-LIF Read more
ICE Futures U.S. NYBOT Read more
ICE Futures Europe- Soft Commodities ICE-SOFT Read more
Borsa Italiana SpA IDEM Read more
Spanish Official Exchange MEFF Read more
Bourse de Montreal MON Read more
Osaka Exchange OSA Read more
Singapore Exchange SGX Read more
Chicago Mercantile Exchange CME Read more
Chicago Board of Trade CBOT Read more
Commodity Exchange COMEX Read more
New York Mercantile Exchange NYMEX Read more
NASDAQ OMX Stockholm SSE Read more
Oslo Bors OSE Read 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.