The U.S. equity markets, including NYSE and NASDAQ, will be closed on Thursday, January 9, 2025, in honor of the passing of former President Jimmy Carter.
In addition, U.S. bond markets will close at 2:00 PM ET.

Panel on Takeovers and Mergers (PTM) Levy

The Panel on Takeovers and Mergers (PTM) Levy is a regulatory charge applicable to buy and sell trades in securities of eligible companies. This flat-rate levy of 1.50 GBP per qualifying trade applies under the following conditions:

  • The company is incorporated in the UK, Channel Islands, or Isle of Man.
  • Trades are executed on a UK regulated exchange or a multilateral trading facility.
  • Transactions are conducted on an agency basis (broker transactions only).
  • The total transaction value exceeds GBP 10,000 (or equivalent in other currencies).

For example, if a trader executes a purchase of shares valued at GBP 15,000 in a UK-listed company on a UK regulated exchange, the PTM Levy charged would be 1.50 GBP for this purchase order.