List of Fees (15.01.2026)
[non-binding translation] List of Fees of the BX Swiss AG
1 Purpose and subject matter
1.1 The List of Fees of the BX Swiss AG (“BX”) governs the fees which participants and issuers are obligated to pay pursuant to the rules of the BX.
2 Participant fees
2.1 Trading Participant
a) admission fee, non-recurring CHF 10,000.00 b) annual fee Trading Participant, pro rata CHF 15,000.00
2.2 Market Maker (MM)
No additional participant fees are charged for MM.
2.3 Designated Market Maker (DMM)
No additional participant fees are charged for DMM.
2.4 Reporting Participant
a) admission fee, non-recurring, including fee for maintaining the CHF 200.00 listing for the current year b) fee for maintaining the listing, annually CHF 200.00
3 General trading fees
Flat fees, per execution
3.1 Segments SME Main Market and Listed Funds CHF 10.00
3.2 Sponsored Shares segment: for all shares with a CH-ISIN ("Swiss
Sponsored Shares") CHF 0.40
3.3 All other instruments CHF 1.00
Other general trading fees
3.4 Repetition fee, per order in the order book which is deleted or
changed within ten seconds CHF 0.10
3.5 Mistrade fee, per accepted mistrade and participant CHF 500.00
4 Trading fees for MM & DMM
Sponsored trading segments, per execution
4.1 Sponsored Shares: Trading fees are specified in the DMM
Agreement.
4.2 Sponsored ETPs: Trading fees are specified in the DMM
Agreement.
BX Swiss AG ⏐ Talacker 50 ⏐ CH-8001 Zürich ⏐ T +41 31 329 40 40 ⏐ www.bxswiss.com ⏐ office@bxswiss.com
4.3 Sponsored ETFs: Trading fees are specified in the DMM Agreement.
4.4 Sponsored Bonds CHF 8.00
4.5 Sponsored Funds / Sponsored Qualified Investor Funds CHF 8.00
Listed trading segments, per execution 4.6 Listed ETFs: Trading fees are specified in the DMM Agreement. 4.7 Listed ETPs: Trading fees are specified in the DMM Agreement.
4.8 Listed AMCs CHF 8.00
4.9 Flat fee for Listed AMCs after the DMM as issuer reached the
maximum fee according to clause 9.4, starting with the following month, per execution CHF 0.00
4.10 deriBX, trading fee per execution depending on the issuer’s biggest active package: Without listing package CHF 8.00 Package S – 2,000 instruments CHF 8.00 Package M – 5,000 instruments CHF 7.00 Package L – 10,000 instruments CHF 6.00 Package XL – 20,000 instruments CHF 6.00 4.11 deriBX, special fee for tracker certificates on cryptocurrencies, per execution depending on turnover in Swiss francs: 0 to 500 CHF 2.00 >500 to <=1000 CHF 4.00 >1000 Flat fee according to 4.10
Liquidity Provider
4.12 Trading fee for executions via the MM interface, per execution 0.01%
4.13 Minimum fee, per execution CHF 1.50
5 Fees in the segment SME Main Market
5.1 New listing of equity securities CHF 15,000.00
5.2 Fee for maintaining the listing, annually CHF 7,500.00
5.3 Processing of capital increase (without subscription rights) CHF 2,500.00
5.4 Processing of capital increase (with subscription rights) CHF 3,500.00
5.5 Separate trading line, for example for share buyback, per year CHF 3,000.00
5.6 Share split or reverse split CHF 2,500.00
BX Swiss AG ⏐ Talacker 50 ⏐ CH-8001 Zürich ⏐ T +41 31 329 40 40 ⏐ www.bxswiss.com ⏐ office@bxswiss.com
6 Participation in tradingproceedsin the SME Main Market
6.1 Proportionate participation of the listed company in the trading
fees (section 3.1) in its own equity securities 20.00%
7 Listing fee in the segment Listed Bonds
7.1 Admission of a new issuer CHF 8,000.00
7.2 Listing fee per bond for issuing trading participants, non-recurring
1 – 100 issued bonds CHF 250.00 from 101 issued bonds CHF 100.00 7.3 Flat-rate listing fee per bond for other issuers, per commenced five- CHF 1,000.00 year term Minimum fee per bond CHF 2,000.00 Maximum fee per bond CHF 5,000.00
7.4 Surcharge for option bonds 50%
8 Listing fee in the segments Listed ETFs and Listed Funds
8.1 Admission of a new issuer or umbrella fund CHF 8,000.00
8.2 New listing of a collective investment scheme (CIS), non-recurring
incl. fee for maintaining the listing for the current year CHF 3,000.00
8.3 Annual maximum fee for new listings per issuer or per umbrella
fund with multiple subfunds CHF 20,000.00
8.4 Fee for maintaining the listing of a collective investment scheme
(CIS) per issuer, annually 1 - 10 CHF 1,500.00 11 - 20 CHF 1,000.00 21 - 25 CHF 500.00 >25 CIS, per CIS CHF 300.00
9 Listing fee in the segment Listed AMCs
9.1 Admission of a new issuer CHF 8,000.00
9.2 New listing of an AMC, non-recurring per instrument incl. fee for CHF
maintaining the listing for the current year 1 - 100 listed instruments, per instrument CHF 250.00 from 101 listed instruments, per instrument CHF 100.00
9.3 Maintaining the listing per listed instrument, annually
1 - 100 instruments, per instrument CHF 250.00 from 101 instruments and up, per instrument CHF 100.00
BX Swiss AG ⏐ Talacker 50 ⏐ CH-8001 Zürich ⏐ T +41 31 329 40 40 ⏐ www.bxswiss.com ⏐ office@bxswiss.com
9.4 Maximum annual maintenance and new listing fee, per issuer CHF 70,000.00
9.5 Included quote-capacity per instrument in quotes per second (QPS) QPS 0.2
9.6 BX has the liberty to increase the capacity upon request of
the issuer. Capacity fee per additional QPS and per year CHF 500.00
10 Listing fee in the segments deriBX and Listed ETPs
10.1 Admission of a new issuer CHF 8,000.00
10.2 New listing of a single instrument without package, non-recurring CHF 250.00 incl. fee for maintaining the listing for the current year (clause 10.8 et seq.)
10.3 New listing of instruments via a package, annually per package and
issuer Package S – 2,000 instruments CHF 100,000.00 Package M – 5,000 instruments CHF 200,000.00 Package L – 10,000 instruments CHF 350,000.00 Package XL – 20,000 instruments CHF 500,000.00
10.4 Included quote-capacity per package in quotes per second (QPS)
Per individually listed instrument according to clause 10.2 QPS 0.2 Package S – 2,000 instruments QPS 500 Package M – 5,000 instruments QPS 1,250 Package L – 10,000 instruments QPS 2,500 Package XL – 20,000 instruments QPS 5,000
10.5 BX has the liberty to increase the capacity upon request of
the issuer. Capacity fee per additional QPS and per year CHF 500.00
10.6 The issuer may subscribe to the package as:
a) maximum contingent of active, tradable instruments with a package term of either 2, 3, 4, or 5 years (“stock package”), or b) as maximum number of listings distributed over a package term of 3 years and one-off payment of the package fee as per clause 10.3 (“subscription package”). Switching during the term is not possible.
10.7 In the case of “stock packages”, the annual fees pursuant to clause
10.3 shall be reduced depending on the number of Final Terms deposited with the Prospectus Review Office of BX Swiss AG in the previous year and depending on the package term: a) Package term of 2 years CHF 0.75 b) Package term of 3 years CHF 1.00
BX Swiss AG ⏐ Talacker 50 ⏐ CH-8001 Zürich ⏐ T +41 31 329 40 40 ⏐ www.bxswiss.com ⏐ office@bxswiss.com
c) Package term of 4 years CHF 1.25 d) Package term of 5 years CHF 1.50
10.8 Annual fee for maintaining the listing of instruments without
package, or after expiry of the corresponding package, per instrument CHF 30.00
10.9 Annual fee for maintaining the listing of ETPs that were not issued
with a listing package or after expiry of the related listing package, per ETP CHF 250.00
10.10 Included quote-capacity in quotes per second (QPS) for instruments
for which the fee for maintaining is paid for QPS 0.2
11 Further Services
11.1 General services, based on time an effort, per hour CHF 400.00
11.2 The involvement of chargeable third parties or expert services (will actual costs be notified in advance and invoiced separately)
11.3 Processing of applications submitted to the disclosure office or to CHF 400.00 the admission office, based on time and effort, per hour Minimum fee per application CHF 2,000.00
11.4 Surcharge for urgent applications and services; any surcharge will 50%
be communicated in advance
11.5 Advance payment of costs in the event of complaints CHF 10,000.00
11.6 Additional FIX line, per year CHF 6,000.00
11.7 Aggregation service for trading participants (not DMM/MM) CHF 0
11.8 Aggregation service for DMM/MM CHF 0
12 Reporting Fees
12.1 The reporting fees are governed by the List of Fees of the Reporting Office.
13 General provisions
13.1 Participant fees are charged at the beginning of the year. If the commencement dates back to less than one year, the fees are charged pro rata (calculated quarterly). No fees will be refunded in case of a termination after less than one year. 13.2 The fee for Trading Participants includes a single connection to the BX systems. Special connection solutions are charged additionally. 13.3 Trading fees are the same for clients and nostro trades. 13.4 Trading fees are charged on a quarterly basis and are due within 30 days from the invoice date.
BX Swiss AG ⏐ Talacker 50 ⏐ CH-8001 Zürich ⏐ T +41 31 329 40 40 ⏐ www.bxswiss.com ⏐ office@bxswiss.com
13.5 For the partial execution of an order within one day, the trading fee is charged only once. In the case of volume-based fees, the entire order volume is taken into account, regardless of partial execution. 13.6 Reporting fees are charged once a month and are due within 30 days from the invoice date. 13.7 Listing and admission fees are charged upon confirmation of admission and are due within 30 days from the invoice date. 13.8 Fees for maintaining the listing are charged annually. Relevant for the fees is the number of listed instruments as of January 1st. No fees are refunded for listings with a duration of less than a year. 13.9 The proportionate participation in the trading fees pursuant to clause 6.1 of the previous year shall be deducted from the maintenance fees pursuant to clause 5.2. Any participation in excess of the maintenance fees shall be remunerated separately. The entitlement to the proportionate participation pursuant to clause 6.1 shall lapse in the event of delisting. 13.10 A new issuer is an issuer that had no securities listed on the BX in over three years. 13.11 No fees for new issuers are charged for those new issuers that are already participants on the BX or are applying for it at the same time. 13.12 For withdrawals of applications, fees incurred are charged according to the List of Fees. 13.13 For late payments, a default interest of 10 % per year may be charged. 13.14 Refund claims must be made within six months from the date of invoice. Upon expiry of this time limit, the refund claim elapses. A refund claim must be verified with a confirmation from the audit function of the participant. 13.15 For instruments priced in percentage of the nominal amount, fees expressed as a percentage refer to the nominal amount of the instrument traded. 13.16 For the determination of the maximum fees according to clause 8.3 and clause 9.4 and for listing packages according to clause 10.3, instruments of issuers which are group companies of the same corporate group are considered together. This excludes subsidiary companies of which less than 50 % are owned directly or indirectly by the corporate group’s parent company.
14 Special provisions for derivatives and ETPs
14.1 Listing packages are charged at the time of acquisition. If the start is during the year, the fees for stock packages are charged pro rata (quarterly calculation). Any reduction in connection with Final Terms (cf. Section 10.7) will also be taken into account on a pro rata basis. A premature termination of a package is not possible. 14.2 Non-used instrument units within a package expire upon expiry of the term of the listing package. 14.3 For stock packages (clause 10.6 lit. a), instruments may only be delisted at intervals of at least one month. 14.4 Additional capacity charges according to clause 10.5 are charged pro rata at the time of acquisition for the remainder of the calendar year. Quote-capacity may be reduced with a cancellation period of two months, 14.5 For the additionally available quote-capacity at the end of the year, the invoicing occurs at the beginning of the year for a full year. In the event of a termination after less than one year, no fees are refunded.
BX Swiss AG ⏐ Talacker 50 ⏐ CH-8001 Zürich ⏐ T +41 31 329 40 40 ⏐ www.bxswiss.com ⏐ office@bxswiss.com
14.6 Within the meaning of this List of Fees, actively managed certificates (AMCs) are instruments with a discretionary management of their underlyings or their underlying index, or with an underlying index that is not freely licensable. These instruments are traded in the segment Listed AMCs. 14.7 For the listing of AMCs, the fees according to clause 9 are applicable. A listing under a package according to clause 10.3 is not possible.
15 Final provisions
This List of Fees enters into force on 15. January 2026 and replaces the List of Fees of 1. July 2024.
BX Swiss AG ⏐ Talacker 50 ⏐ CH-8001 Zürich ⏐ T +41 31 329 40 40 ⏐ www.bxswiss.com ⏐ office@bxswiss.com