ACE Exchange Proposes Reduced Fee for High Volume Traders

Intlibber Brautigan Encourages ACE Traders to Vote

For SLReports.net

Intlibber Brautigan proposed today a community vote at the Ancapistan Capital Exchange (ACE) to reduce trading fees for high volume traders, mirroring a similar program at rival exchange The Virtual Stock Exchange (VSTEX).

ACE has been consistently the second highest volume exchange recently, The Second Life Capital Exchange (SLCAPEX) has had a weekly volume of 4,324,280 shares traded over the last seven days, versus 2,125,477 shares traded at the ACE. The VSTEX and International Stock Exchange (ISE) volumes are quite small in comparison.

The VSTEX announced recently two innovative plans to increase trading activity at their exchange, with the Top 20 traders in December getting a refund of a percentage of the fees they pay, and in January the 3 companies with the most volume will get a return of the fees paid by traders. Whether these programs will continue after their trail runs has not yet been determined.

"There have been a number of suggestions that we offer some sort of 'brokers' fee level for those who do a significant amount of trading on our stocks." Brautigan said today in a public statement.

The proposed commission fee structure: Normal trading volumes will continue to be 3% on the sell side, greater than L$500,000 per month would see a reduction to 2.5%, greater than L$750,000 per month would see a reduction to 2.25%, and greater than L$1,000,000 per month would see a reduction to 2.00%.

"This would reduce fees by L$2500-L$3249 per month for traders at the 500k level, L$5625-L$7499 at the 750k level, and L$10,000 and up for those trading over L$1 million per month on the stock exchange." Brautigan added.

Investor sentiment seems to be clearly in favor. Current commissions collected by the other exchanges are 3% (2.5% commission and 0.5% for the Risk-Fund) at VSTEX, 2.5% at SLCAPEX, and 1.5% at ISE.