Effective from 1 August 2019:
In January 2019 we implemented a trial fee structure on all Resale Market investments, reducing the transaction fee when buying shares from 2% to 1%. This fee structure will be extended until 7 October 2019. This reduction is not valid on Investment Plans or Discretionary Services, where the fee is 2%.
There is no fee charged to sell shares on our Resale Market.
To encourage liquidity on the Resale Market, we offer incentives for investors that trade large volumes via Bids.
For total investment greater than £20,000 per calendar month on shares which are acquired via the placement of bids, investors are eligible for a rebate payment:
|Resale Market investment qualification volume (p.c.m.)||Payment %||Maximum payment amount1|
|£20,001 - £50,000||4%||£1,200|
|£50,001 - £250,000||6%||£13,200|
Greater volumes of bidding activity results in a more competitive market, smaller spreads between the shares on sale (offers) and bids, creating a more efficient market for all.
Eligibility for the above incentive payments is always subject to an investor adhering to the terms and conditions of the MTF Rulebook. The rebate is only valid on shares which are acquired via the placement of bids and not those acquired by lifting shares offered for sale. Bids that are placed above the lowest offer price (which immediately results in matching of offers below the bid price) do not qualify for the Payment.
Systematic trading that seeks to earn the Payment as its primary purpose, rather than pursue a bona fide investment or trading strategy, is ineligible. Property Partner, in its sole discretion, reserves the right to withhold incentive payments if it deems it necessary to investigate any investor behaviour that may contravene the above.