Moscow Exchange will switch to an asymmetric billing model as of November 1. This will apply to transactions in shares, depositary receipts on shares, investment units, units of exchange-traded funds and ETFs, as well as mortgage participation certificates. Exchange is finally introducing the previously announced transition from a regressive to a flat tariffing scale and differentiation of commissions for makers and takers. For makers the commission will become zero, and takers will pay a total commission of 0.03%.