Brazilian financial exchange operator B3 said on Thursday it is reducing and sim...
FILE PHOTO: People are seen in front of an electronic board showing the graph of the recent fluctuations of market indices on the floor of Brazil's B3 Stock Exchange in Sao Paulo, Brazil, July 25, 2019. REUTERS/Amanda Perobelli
The biggest effects will be felt by small retail investors, B3 said in statement, adding that the measures could reduce B3 clients’ overall annual fees by around 250 million based on trading volumes of the last 12 months. The changes include reducing investors’ account maintenance fee of about 110 reais a year currently and reducing fees for individuals to trade securities by about 10%. In addition, fees will fall the more investors trade, and fees for lending securities will be reduced.
B3 also said that customers who have a custody balance of up to 20,000 reais in the same brokerage will be exempt from other account maintenance fees.
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