Euronext announces fee reduction by 30 percent

05 June 2008

NYSE Euronext announced a new fee package that will reduce fees by up to 30% for high frequency trading on its European cash equity markets and will be effective from 1st July 2008.

NYSE Euronext announced a new fee package, known as Pack Epsilon, that will reduce fees by up to 30% for high frequency trading on its European cash equity markets. Pack Epsilon will be effective from 1st July 2008 for all stocks listed on Euronext Amsterdam, Brussels, Lisbon and Paris to address the growing demand of high frequency trading.

 

The new pricing will allow eligible clients to increase their order flow in Euronext stocks while being charged for the first partial order execution only, rather than being charged for each partial execution linked to the same order. In addition, Euronext’s existing order-to-trade ratio will be expanded from 10:1 to 30:1, allowing eligible clients to increase significantly their order flow capacity without incurring a transaction fee.

 

“This initiative reinforces the attractiveness of Euronext cash markets and enhances liquidity for the benefit of all our customers,” said Roland Bellegarde, Group Executive Vice President and head of European Execution, NYSE Euronext.

 

Press release

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