Sunday, April 5, 2009

Trading Fees Cut for Stock Exchanges -

NYSE Euronext, which operates stock exchanges in Amsterdam, Brussels, Lisbon and Paris, said it would cut fees on its European markets by about 20 percent as it fights increasing competition in the region. Clients will be charged for each executed order on NYSE Euronext’s European stock markets rather than for each trade, the company said in a statement. For NYSE Arca Europe, its alternative trading system, the exchange will charge 0.15 basis points for all trades and provide volume incentives. A basis point is 0.01 percentage point. NYSE Euronext and other European exchanges are trying to fend off multilateral trading facilities that are seeking to gain market share by offering cheaper trades and faster technology. NYSE Euronext has lost about 20 percent of its market share in Europe for stocks listed on the benchmark CAC 40 index in Paris.
World Business Briefing - Trading Fees Cut for Stock Exchanges -

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