Glossary
- Call (warrant)
- Cancelled order
- Cap (investment and leverage products)
- Capital increase
- Capital market
- Capital reduction
- Capital stock
- Cash dividend
- Cash market
- Cash settlement (warrants)
- Cash settlement price
- Cashflow
- CDAX
- Central bank
- Certificate
- Certificate of renewal
- Changes to the composition of an index
- Chart
- Chart analysis
- Classic All Share
- Clean price
- Clearing
- Close out
- Closed-end fund
- Closing Price
- Coco bond
- Collective custody
- Commercial paper
- Commission
- Commission trading
- Commodity futures
- Commodity futures exchange
- Common gap
- Compliance guidelines
- Conditional capital increase
- Consumer Confidence
- Continuous trading
- Convertible bond
- Cooperative stock exchanges
- Corporate bond
- Correlation coefficient
- Counter transaction
- Countercyclical investment
- Countercyclical stocks
- Country risk
- Coupon
- Course notes
- Covered warrant
- Creation
- Credit risk
- Creditworthiness
- Cum
- Currency bond
- Cyclical shares
- Cyclical stocks
Commission
Investors pay banks and financial service companies a fee for each order placed. This fee covers order routing, processing, and settlement, as well as costs associated with operating trading desks on the exchange floor.
In Germany, commissions on stock and warrant trades, in general, amount to 1 per cent of the total price of the order; for bonds, the commission is around 0.5 per cent of the par value or the market value, whichever is higher. Investors can negotiate with their bank to receive a better deal. In some cases, the bank will stipulate a certain minimum fee.
Commissions on securities transactions on the Regulated Market are indicated explicitly on the trade confirmation. In Freiverkehr, they appear either as a mark-up (when the security is purchased) or a mark-down (when the security is sold).