Schedule 3, paragraph 3E(2)

Nothing in sub-paragraph (1) prevents the exchange from— in order to reflect the additional burden on system capacity. adjusting its fees for cancelled orders according to the length of time for which the order was maintained; calibrating its fees to each financial instrument to which they apply; imposing a higher fee— for placing an order which is cancelled than an order which is executed; on participants placing a high ratio of cancelled orders to executed orders; or on a person operating a high-frequency algorithmic trading technique,

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Source: legislation.gov.uk · retrieved 2026-09-04