I know that I already talked about this but I'm a bit surprised that nobody ever complained about the new fees that Eurex implemented on 1 dec 2002. As a reminder : -- EUREX will consider any order submission, modification, or cancellation as a system transaction. Fees will be levied on users who create excessive system transactions relative to the number of executed orders, in excess of the ratio 5:1. IB is forced to pass on these charges to customers. Accordingly, all order submissions, modifications, and cancels will be charged 0.50â¬ per order. Executed orders will generate a 2.50â¬ credit against other system transactions in the same product on the same day. -- How do you deal with that ? Did that change your way of trading or placing orders ? Personnaly, I don't like it because : - To enter, I place a limit order that I adjust with market's moves. The worst case is this one : If I move my order n times and finally decide to cancel it, I'm charged 0.5 + n*0.5 + 0.5 â¬ ! (a bit expensive for not having entered the market !) Now, unconsciously when I moved my order a lot and I'm still not in, I tend to chase the market only to be executed and avoid this fee... - When I'm executed, I send a protective stop order that I trail. Naturally, i move it a few times. If I cancel it (case of a winning trade), once again I'm charged. To avoid this I try to move my stop directly to b/e and then 1 or 2 times only before exiting. Generally, I don't pay much of this fee because the charging/crediting is calculated on the same day and what I described above doesn't happen everytime. But for sure, they have changed my way of trading because now I can't trade naturally anymore. When you have to think of something else than executing your plan, that's not good. I'm really more relaxed when I trade the ES.