The following changes will be made:
- For Transactions via the central market (floor and screen-trading) a maximum charge per order will be introduced. This means that members who trade for their own account pay half of the fees traders pay who trade for third parties. For the designated traders in the ECC option classes (Primary and Competitive Market Makers) an even lower maximum fee will be in force.
- For transactions outside the central market (professional "prof" trades) a fixed fee per order will be introduced, regardless of the number of contracts in the order. This fee will be lower for members who trade for their own account.
- The transaction costs of futures trading for off-exchange traders will be lowered to match the transaction costs for exchange traders.
These changes mean, for example, that members who make "prof" trades could save up to 80%.
The changes in the fee structure for off-exchange traders mean they will be able to trade the highly liquid AEX-index future at half the previous cost (eg a 50% reduction).
A significant part of the Amsterdam options and futures market has successfully migrated from floor trading to screen trading. The migration of the rest of the options market, which will be completed by the end of this year, is progressing smoothly. So far, migration to screen trading has resulted in tighter spreads and a considerable increase in the volume of trading, which has led to better liquidity for investors.
A list of the new fees for transactions in options and derivatives in Amsterdam can be found on Euronext's website (www.euronext.com / Amsterdam / announcements)
