ASX Limited today announced a number of changes to its fees, charges and rebate mechanisms across the ASX and SFE traded markets, and Austraclear. These changes demonstrate ASX’s intention to share with users the cost synergy benefits of the ASX/SFE merger, which have started to be realised, and to continue to share with users the benefits of increasing trading activity levels in both markets.
The changes to ASX Group fees will for the most part become effective from the start of the next financial year (i.e. 1 July 2007). However, the need to align SFE’s reporting period with the ASX Group’s means that some changes to SFE’s (and Austraclear’s) fee structure will take effect from 1 January 2007 and relate to the six month period to 30 June 2007.
These fee changes occur as ASX prepares to pay record fee rebates to Participants following expected record trading activity levels on both markets for the period to 31 December 2006, and follow a number of SFE fee reductions that were announced on 16 August 2006.
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