| Exchange name | Address and contacts | Commissions and fees |
| World Federation of Exchanges | www.world-exchanges.org | no info |
| American Stock Exchange |
86 Trinity Place
New York, New York 10006-1872
Phone: (212) 306-1000
Fax: (212) 306-1644
www.amex.com |
Commission: 2-10% based on volume; negotiable |
| Amsterdam Exchanges |
Postbox 19163
1000 GD Amsterdam
The Netherlands
Phone: (31 20) 550-4444
Fax: (31 20) 550-4803 |
Commission: Negotiable; no minimum |
| Athens Stock Exchange |
10, Sofokleus Street
Athens 105 59
Greece
Phone: (30 1) 32-10424
Fax: (30 1) 32-13938 |
Commission: 0.5-1% based on value;
minimum of 100 drachma
Clearing Fees: 0.005% of transaction value
Transfer Charge: 0.09%, registered shares only
Rights on Bearer Shares: 0.011% of transaction value |
| Australian Stock Exchange |
Exchange Centre, 20 Bond Street
Sydney, NSW 2000
Australia
Phone: (612) 9227-0000
Fax: (612) 9235-0056
www.asx.com.au |
Commission: 0.5-2.5%; negotiable; Minimum A$30-120
Stamp Duty: A$0.3 per A$100; buyer & seller |
| Barcelona Stock Exchange |
Bolsa de Barcelona
Llotja de Mar Building, Passeig Isabel II, 1
08003 Barcelona
Spain
Phone: (34 93) 401-3555
Fax: (34 93) 401-3625 |
Commission: Negotiable
Settlement Fee: 15-250 pesetas based on volume
Exchange Fee: 0-2,250 pesetas based on volume
Note: No Commission/Exchange fee on trades under 5,000 ptas. |
| Bogota Stock Exchange |
Bolsa de Bogota S.A.
Carrera 8 No. 13-82 pisos 7-8-9
Santa Fe de Bogota
Colombia
Phone: (57 1) 243-6501
Fax: (57 1) 281-3170 |
Commission: 0 - 1%; fully negotiable |
| Bombay Stock Exchange | www.bseindia.com | no info |
| Brussels Stock Exchange |
Bourse de Valeurs Mobilieres de Bruxelles
Palais de la Bourse, Brussel 1000 Bruxelles
Belgium
Phone: (32 2) 509-1211
Fax: (32 2) 511-9500 |
Commission: 200 francs & 0.4-1% based on volume;
negotiable above 20 million francs
Transaction Tax: 0.17%; buyer & seller
Supplementary Fee: 0.03%; 6,000 francs maximum |
| Budapest Stock Exchange |
Budapesti Ertektozsde
H-1052 Budapest
Deak Ferenc u. 5.
Hungary
Phone: (36 1) 429-6700
Fax: (36 1) 429-6800
www.bse.hu |
Commission: 0.5 - 1.5%; variable |
| Buenos Aires Stock Exchange |
Bolsa de Comercio de Buenos Aires
Sarmiento 299, 2 piso
1353 Buenos Aires
Argentina
Phone: (54 1) 316-7180
Fax: (54 1) 316-7181 |
Commission: Negotiated
Stock Exchange Fee: 0.10%
Stock Market (MVBA) Fee: 0.08% |
| Caracas Stock Exchange |
Bolsa de Valores de Caracas
Edificio Atrium, Calle Sorocaima entre Avenidas Tamanaco y Venezuala
Nivel PB, Urb. El Rosal, Apartado Postal 62724-A Chacao 1060-A
Caracas
Venezuela
Phone: (58 2) 905-5511
Fax: (58 2) 952-2640 |
Commission: Variable; determined by brokers |
| Chicago Board of Trade | www.cbot.com | no info |
| Chicago Board Options Exchange | www.cboe.com | no info |
| Chicago Merchant Exchange | www.cme.com | no info |
| Chicago Stock Exchange | www.chicagostock.com | no info |
| Copenhagen Stock Exchange |
Kobenhavns Fondbors
Nikolaj Plads 6, P.O. Box 1040
DK-1007 Copenhagen K
Denmark
Phone: (45) 393-3366
Fax: (45) 3312-8613
www.cse.dk/kf |
Commission: 0.025 - 0.15%; negotiable
Stamp Duty: 0.5% by seller |
| Dhaka Stock Exchange | dsebd.org | no info |
| Dalian Commodity Exchange | www.dce.com.cn | no info |
| Dow Jones Indexes | www.djindexes.com | no info |
| Euroland | www.euroland.com | no info |
| EuroNext | www.euronext.com | no info |
| French Stock Exchange | www.soficom.fr/us
www.bourse-de-paris.fr | no info |
| FTSE Index | www.ftse.com | no info |
| German Stock Exchange |
Deutsche Borsenplatz 7-11
60284 Frankfurt/Main
Germany
Phone: (49 69) 2101-5167
Fax: (49 69) 2101-3601 |
Commission: 0.06%; lower on large orders
Bank Commission: 1%; negotiable |
| Helsinki Stock Exchange |
Helsingin Arvopaperiporssi Oy
PL 361
00131 Helsinki
Finland
Phone: (358 9) 173-301
Fax: (358 9) 1733-0399
www.hex.com/en |
Commission: 1% average; negotiable |
| Hong Kong Futures Exchange | www.hkfe.com | no info |
| Hong Kong Stock Exchange |
The Stock Exchange of Hong Kong Ltd.
1st Floor, 1 and 2 Exchange Square
Central
Hong Kong
Phone: (852) 2522-1122
Fax: (852) 2810-4475
www.hkex.com.hk |
Commission: At least 0.25%; HK$50 minimum
Transaction Levy: 0.011%; buyer & seller
Trading Tariff: HK$0.50 per transaction
Stamp Duty (Registered Securities): HK$1.25 per HK$1,000; buyer/seller
Stamp Duty (Bearer Securities): HK$3 per HK$100, upon issue by receiver
Transfer Deed Stamp Duty: HK$5. Payable by seller on each new transfer deed
Transfer Fee: HK$2.5 per new share certification issued |
| International French Futures and Options Exchange | www.matif.fr | no info |
| Istanbul Stock Exchange |
Istanbul Menkul Kiymetler Borsasi
Rihtim Caddesi No. 245, Karakoy 80030
Istanbul
Turkey
Phone: (90 212) 298-2100; (90 212) 252-4800
Fax: (90 212) 298-2500; (90 212) 252-4915
www.ise.org |
Commission: Negotiable; 1% maximum. |
| Italian Stock Exchange |
Borsa Valori Italiana
Piazza Degli Affari 6
20123 Milan
Italy
Phone: (39 02) 72426-1
Fax: (39 02) 72004-333 |
Commission: 0.7% maximum
Stamp Duty: 50 lire per 100,000 lire or fraction. Minimum 3,000 lire per transaction
Special Note: No stamp duty for non residents. No duty on transactions below 400,000 lire. |
| Irish Stock Exchange | www.ise.ie | no info |
| Jakarta Stock Exchange |
Gedung Bursa Efek Jakarta
Jalan Jendral Sudirman Kav. 52-53
Jakarta 12190
Indonesia
Phone: (62 21) 515-0515
Fax: (62 21) 515-0550
www.jsx.co.id/ |
Commission: 1%. Buyer and seller.
Stock Exchange Levy: 0.1%
Stamp Duty: Rp. 1,000/transaction
Value Added Tax: 10% on commission |
| Jamaica Stock Exchange | www.jamstockex.com | no info |
| Johannesburg Stock Exchange |
The Johannesburg Stock Exchange
17 Diagonal Street, P.O. Box 1174
Johanesburg 2001
South Africa
Phone: (27 11) 377-2200; (27 11) 833-6580
Fax: (27-11) 836-6454; (27 11) 834-3937 |
Commission: 0.21%-1.4%. Basic charge of 15 rand.
Negotiable on trades of 200 rand or less. Negotiable commissions on portions of trades over 3 million rand.
Value Added Tax: At standard rate on commission
Marketable Securities Tax: 0.5%
Stamp Duty: 1% (on registration) |
| JSE Securities Exchange | www.tsx.com | no info |
| Korea Stock Exchange |
33 Yoido-dong, Youngdeungpo-Ku
Seoul 150-010
Korea
Phone: (82 2) 780-2271
Fax: (82 2) 786-0263
sm.krx.co.kr/webeng |
Commission: 0.6% maximum; negotiable
Securities Transaction Tax: 0.45% (seller) |
| Kuala Lumpur Commidities Exchange | www.klce.com.my | no info |
| Kuala Lumpur Stock Exchange |
Exchange Square, 4th Floor
Off Jalan Semantan, Damansara Heights
50490 Kuala Lumpur
Malaysia
Phone: (60 3) 254-6433
Fax: (60 3) 255-7463
www.klse.com.my |
Commission: 1%; 5 ringgit minimum; buyer & seller
Clearing Fee: 0.05%
Deposit Fee: 10 ringgit per scrip (applies to investors using Central Depository System)
Withdrawal Fee: 15 ringgit per 1,000 shares (applies to investors using Central Depository System)
Transfer Fee: 10 ringgit (applies to investors using Central Depository System)
Account Opening Fee: 10 ringgit (applies to investors using Central Depository System)
Statement Fee: 1 ringgit (applies to investors using Central Depository System) |
| LIFFE | www.liffe.com | no info |
| Lisbon Stock Exchange |
Bolsa de Valores de Lisboa (BVL)
Edificio da Bolsa, Soeiro Pereira Gomes
1600 Lisboa
Portugal
Phone: (351 1) 790-9904; (351 1) 795-2031
Fax: (351 1) 795-2021; (351 1) 795-2024 |
Commission: 0.25 - 0.5% based on volume; trades over 50 million escudos exempt
Stock Market fee: 0.04%
Stamp Duty: 6% of commission (buyer & seller) |
| London Metal Exchange | www.lme.co.uk | no info |
| London Stock Exchange |
Old Broad Street
London EC2N 1HP
United Kingdom
Phone: (44 171) 797-1000
Fax: (44 171) 374-0504
www.londonstockexchange.com
www.londonstockex.co.uk |
Commission: Negotiable
Stamp duty: 0.5% on share transfer |
| Luxembourg Stock Exchange |
Bourse de Luxembourg
11, avenue de la Porte-Neuve
L-2227 Luxembourg
Phone: (352) 47-7936-1
Fax: (352) 47-3298
www.bourse.lu |
Commission: Fully negotiable; around 0.8%.
Minimum 1-4 Francs per share; 250 Francs per contract |
| Madrid Stock Exchange |
Bolsa de Madrid
Plaza de la Lealtad, 1
28014 Madrid
Spain
Phone: (34 91) 589-2600
Fax: (34 91) 531-2290 |
Commission: 25-450 pesetas based on volume; negotiable
Settlement Fee: 15-250 pesetas based on volume
Exchange Fee: 0-2, 250 pesetas based on volume
Note: No commission & Exchange fee on trades under 5,000 pesetas. |
| Malaysia Stock Exchange | www.klse.com.my | no info |
| Market Watch | www.marketwatch.com | no info |
| Mexican Stock Exchange |
Bolsa Mexicana de Valores
Paseo de la Reforma 225, 4 Piso Cuauhtemoc
06500 Mexico, D.F.
Mexico
Phone: (52 5) 726-6796
Fax: (52 5) 726-6793 |
Commission: 1-1.7% based on value;
banks and institutions pay flat 0.85%; negotiable |
| Montreal Stock Exchange |
Bourse de Montreal
Tour de la Bourse, C.P. 61, 800 Square Victoria
Montreal, Quebec H4Z 1A9
Canada
Phone: (514) 871-2424
Fax: (514) 871-3565 |
Commission: Negotiable; Minimum C $50-C $75
Quebec Securities Commission Tax: C $0.50 |
| Mumbai Stock Exchange, |
Phiroze Jeejeebhoy Towers, Dalal Street
Mumbai 400 001
India
Phone: (91 22) 265-5860
Fax: (91 22) 265-8121 |
Commission: 2-2.5%. Maximum of Rs. 25 per contract
Stamp Duty: 0.5% |
| NASDAQ Stock Market, Inc. |
1735 K Street, NW
Washington, District of Columbia 20006-1500
United States of America
Phone: (202) 728-8000
Fax: (202) 293-6260
www.nasdaq.com |
Commission: 2-10% based on volume; negotiable |
| New York Stock Exchange, Inc. |
11 Wall Street
New York, New York 10005
United States of America
Phone: (212) 656-3000
Fax: (212) 656-5557
www.nyse.com |
Commission: 2-10% based on volume; negotiable |
| New Zealand Stock Exchange |
Level 9, ASB Bank Tower
2 Hunter Street, P.O. Box 2959 DX SP23501
Wellington
New Zealand
Phone: (64 4) 472-7599
Fax: (64 4) 473-1470
www.nzx.com |
Commission: Negotiable
Transaction Fee: NZ $40 per trade |
| Oslo Stock Exchange |
Tollbugaten 2
N-0152 Oslo
Norway
Phone: (47 22) 341-700
Fax: (47 22) 416-590
www.oslobors.no/ob |
Commission: 0.3-0.5% or less; negotiable |
| Pacific Exchange | www.pacificex.com | no info |
| Paris Stock Exchange |
SBF - Bourse de Paris
39 rue Cambon
F-75001 Paris
France
Phone: (33 1) 49-27-1000
Fax: (33 1) 49-27-1171 |
Commission: Negotiable |
| Philadelphia Stock Exchange | www.phlx.com | no info |
| Philippine Stock Exchange, Inc. |
Exchange Road, Ortigas Center
Pasig City
Philippines
Phone: (63 2) 636-0122
Fax: (63 2) 634-5920 |
Commission: 1.5% (maximum); buyer & seller
Transfer Fee: 45 Pesos per certificate
Documentary Stamp Tax: 1.5 peso per 200 Pesos per value
Value Added Tax: 10% on Transfer Fee
Stock Transaction Tax: Tax: 1/2 of 1% (in lieu of capital gains tax)
Transaction Fee: 1/200 of amount; buyer & seller |
| Prague Stock Exchange |
Burza cennych papiru Praha
Rybna 14
110 00, Praha 1
Czech Republic
Phone: (420 2) 2449-3363; (420 2) 2449-3414
Fax: (420 2) 264-897 |
Commission: 0.9-4% for volumes up to Koruny 10,000.
1-2% for higher volumes; 0.4% - 0.5% for
volumes around Koruny 1 million. |
| Rio de Janeiro Stock Exchange |
Bolsa de Valores do Rio de Janeiro
Praca XV de Novembro, 20
Rio de Janeiro - RJ - CEP 20010-010
Brazil
Phone: (55 21) 271-1001
Fax: (55 21) 221-2151
www.bvrj.com.br |
Commission: 0.5-2% maximum based on volume;
fully negotiable
Transaction Fee: 0.025%
Clearing Fee: 0.025% |
| Santiago Stock Exchange |
Bolsa de Comercio de Santiago
La Bolsa 64
Santiago
Chile
Phone: (56 2) 698-2001; (56 2) 695-8077
Fax: (56 2) 672-8046 |
Commission: 0.35% - 1%; negotiable.
Exchange Fees: Up to 0.5% based on volume
Value Added Tax: 18% on commission & Exchange fees
Note: Investors may also sign semi-annual or annual
agreements with the Exchange to operate without
fees by paying a tariff of U.F. 582 per half year or U.F.
1,107 per year. U.F. is an inflation indexed unit. |
| Sao Paulo Stock Exchange |
Bolsa de Valores de Sao Paulo (Bovespa)
Rua XV de Novembro, 275
01013-001 Sao Paulo SP
Brazil
Phone: (55 11) 233-2000
Fax: (55 11) 233-2430
www.bovespa.com.br |
Commission: 0.5-2% max. based on volume; fully negotiable
Transaction Fee: 0.025%
Clearing Fee: 0.025%
|
| Shanghai Metal Exchange | www.shme.com | no info |
| Shanghai Stock Exchange | www.sse.com.cn | no info |
| Shenzhen Stock Exchange | www.sse.org.cn | no info |
| Singapore Commodities Exchange | www.sicom.com.sg | no info |
| Sidney Futures Exchange | www.sfe.com.au | no info |
| Singapore International Monetary Exchange Limited | www.simex.com.sg | no info |
| Singapore Stock Exchange |
20 Cecil Street # 26-01/08, The Exhange
Singapore 049705
Phone: (65) 535-3788
Fax: (65) 535-3544
www.ses.com.sg |
Commissions and Fees
Commission: 0.5-1% based on volume;
negotiable above Singapore $1.5 million
with 0.3% min.; S $2 per contract minimum
Clearing Fee: 0.05%; Singapore $100 maximum
Contract Stamp Duty: Singapore $1 per S $1,000 or part
Transfer Stamp Duty: 0.2% when registered
Goods & Services Tax (GST): 3% of commission and clearing fees |
| Stockholm Stock Exchange |
Kallargrand 2, P.O. Box 1256
S-111 82 Stockholm
Sweden
Phone: (46 8) 613-8800
Fax: (46 8) 108-110
www.omxgroup.com/stockholmsborsen |
Commissions and Fees
Commission: 0.45% up to 500,000 Krona;
0.3% for higher amounts; 200 - 300 Krona minimum
for domestic transactions, negotiable |
| Swiss Stock Exchange |
Selnaustrasse 32
CH-8021 Zurich
Switzerland
Phone: (41 1) 229-2111
Fax: (41 1) 229-2233
www.swx.com |
Commissions and Fees
Commission: Negotiable
Federal Tax: 0.075%
Exchange Fees: 0.015%
|
| Taiwan Stock Exchange |
85 Yen Ping S. Road
Taipei
Taiwan, R.O.C.
Phone: (886 22) 3114020; (886 22) 3969270
Fax: (886 22) 3114004; (886 22) 3753669
www.tse.com.tw/en |
Commissions and Fees
Commission: 0.1425%; buyer & seller NT $20 minimum
Transaction Tax: 0.3%; seller |
| The Tel-Aviv Stock Exchange Ltd. |
54 Ahad Ha' am Street
Tel-Aviv 65202
Israel
Phone: (972 3) 567-7411
Fax: (972 3) 510-5379 |
Commissions and Fees
Commission: 0.25-1% based on volume; negotiable |
| Thailand Stock Exchange |
The Stock Exchange of Thailand Building
62 Rachadapisek Road, Klongtoey
Bangkok 10110
Thailand
Phone: (66 2) 229-2000; (66 2) 654-5656
Fax: (66 2) 654-5649
www.set.or.th/en |
Commissions and Fees
Commission: 0.5%; buyer & seller;
50 Baht minimum. No commission on odd-lot trading.
Stamp Duty: 1 Baht for every 1,000 Baht;
transferors of share certificates |
| Tokyo Commodities Exchange | www.tocom.or.jp | no info |
| Tokyo Grain Exchange | www.tge.or.jp | no info |
| Tokyo International Financial Futures Exchange | www.tiffe.or.jp | no info |
| Tokyo Stock Exchange |
2-1, Nihombashi-Kabuto-cho
Chuo-Ko, Tokyo 103
Japan
Phone: (81 3) 3666-0141
Fax: (81 3) 3663-0625
www.tse.or.jp |
Commissions and Fees
Commission: 0.1 - 1.15%;
negotiable on trades over 1 billion Yen.
Minimum 2,500 Yen.
Securities Transfer Tax:
0.21% (0.21% for securities companies.).
Payable by seller. |
| Toronto Stock Exchange |
The Exchange Tower, 2 First Canadian Place
Toronto, ON M5X 1J2
Canada
Phone: (416) 947-4487
Fax: (416) 947-4272
www.tsx.com |
Commissions and Fees
Commission: Negotiable; min. C $50 - C $75 |
| Vienna Stock Exchange |
Wiener Borse
WipplingerstraBe 34
1013 Wien
Austria
Phone: (43 1) 534-99-0
Fax: (43 1) 535-68-57 |
Commissions and Fees
Total Bank Fees: 1.25%; negotiable.
Minimum 300 - 700 Schillings (ATS).
Note: Fees include brokerage
and stock transfer tax |
| Warsaw Stock Exchange |
Gielda Papierow Wartosciowych
w Warszawie S.A. ul Nowy Swiat 6/12
00-400 Warszawa
Poland
Phone: (48 22) 661-7317; (48 22) 628-3232
Fax: (48 22) 628-1754; (48 22) 628-8191
www.gpw.com.pl |
Commissions and Fees
Commission: 0.75-2%; negotiable
on trades over 500 million Zlotys.
Stamp Duty: 0.2% by seller. |
| Zhengzhou Commodity Exchange | www.czce.com.cn | no info |
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