Thursday, July 05, 2007

TS announces fee refunds

Just posted a few minutes ago on the forum:
Members who held positions in a Market when our new fee structure was introduced on July 27th, 2007, will have their expiry fees reviewed once the Market has been fully expired.

If the fee due under the new 4% commission fee structure exceeds the fee that would have been charged under the old system of trading and expiry fees then a refund of the difference will be provided.

This applies only to positions held at the time the new fee structure was introduced.

A refund will be provided only for fees levied on the expiry profit from a position. If you trade in and out of a position for a profit before expiry you will be charged the 4% commission on that profit and will not be eligible for a refund.

The fees will be reviewed once all contracts in the Market have been expired. For example, fees charged on positions for the winner of the Super Bowl will be reviewed once the final two contracts in this group have been expired after the Super Bowl has been played.

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