Jean-François Théodore, Chairman of the Managing Board and Chief Executive of Euronext said: “We are committed to improving the flourishing Dutch market for our customers. We already provide the widest range of products on a single platform at a highly competitive price. As part of our continuous effort to improve the market, we are now launching an extra incentive scheme. This comes on top of the existing incentives we are already offering, which reduce the cost of trading by up to 30%.”
Euronext is the first exchange to offer a single market for cash securities listed in four European countries. All are available to trade through a single trading platform, making cross-border trading cheaper and easier for Euronext customers.
Background
- Trading in Dutch securities grew by 15% in the first quarter of 2004, compared to the same period of 2003.
- For the existing fees’ offer on Dutch securities refer to press release issued on 8th April 2004
- Euronext Amsterdam offers more than 300 Dutch and non-Dutch shares, 345 investment funds, 1300 bonds, warrants and trackers and equity warrants, 52 equity options and more than 20 equity futures and options as well as commodity and currency derivatives products.
- Euronext’s electronic cash trading platform has achieved an availability rate of 100% over the last 12 months.
- In 2004, Euronext fees were on average 35% lower than LSE domestic fees.
- Passive orders are entered into the order book and are not immediately executed, active orders are orders immediately leading to a trade.
