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interest

Fees & Interest

What is the calculation used for interest?

MEXEM uses 4 steps to calculate the daily interest payable or receivable on cash balances.Interest is calculated on the end of day Settled Cash Balance. If you sell a stock short and close the short in the same trading session, borrow fees would not be applied as both the opening sale and closing purchase would settle on the same day.Information on how interest is calculated may be found on our website under Interest and Financing / Calculations.

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General Questions

Do you offer a money market fund for unused cash?

Clients with surplus funds can earn interest, as per our Pricing > Interest & Financing page. MEXEM also offers various money market funds. To view these, choose an issuer under Products > Product Listings > Funds, then select "Money Market". Most funds require a minimum investment of USD 10,000.

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