Commission Structure

Commission Structure

Understanding how referral commissions are calculated.

Commission Rate

• You earn 10% of net trading revenue generated by your referred clients
• Net trading revenue = SDM trading fees actually collected from that client
• Commissions apply only to live, settled trading activity

Commission Duration

• Referral commissions are valid for 12 months from the date the referred client begins trading
• After 12 months, the referral relationship expires for that client
• New referrals continue to generate new 12-month commission windows

Calculation Example

If your referred client generates $100,000 in trading fees over 12 months:

• Your commission: $100,000 × 10% = $10,000

What's Included

Commissions are calculated on revenue from all SDM products:

OTC Trading

• Spot trading fees


• Block trading fees

Derivatives (SDMF)

• Forwards and options trading fees


• Structured product fees

Lending (SDML)

• Lending fees


• Interest revenue from referred borrowers

What's Not Included

The following do not generate commissions:

• Wire transfer fees


• Custody fees


• Non-trading related charges