Investors will benefit from a new trade and settlement fee arrangement which has been approved by the Board of the Jamaica Central Securities Depository (JCSD).
The current fixed settlement charges on each side of a trade on the market will be removed.
Instead, a fee of three basis points of the value on each side of the trade will be charged.
The change will take effect on October 1.
The JCSD said it decided to implement the fee structure in response to investors' feedback on the current practice of charging a settlement fee for each trade filled for an order.
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