The introduction of this capped fee of €500 will mean that exercise and assignment fees will be significantly reduced for large investors, members and their clients.
Hugh Freedberg, Chief Executive of Euronext.liffe said: "As part of our ongoing programme to enhance further our range of Dutch equity options and deliver lower costs to our customers we are pleased to announce that we are reducing exercise and assignment fees for the Dutch market. Trading volumes on the Amsterdam market have increased by 35% this year, making it the fastest growing equity options market in Europe. We hope this move will encourage even more business to our Dutch market".
Patrice Renault, Chief Executive of Clearnet added: "We are convinced that capping will reinforce the competitiveness of the Dutch options business and that it will constitute a real incentive for all the participants".
Customers will continue to pay exercise and assignment fees at the existing tariff but these will be capped at €500 and there will be no fees for equity options exercise and assignment above this capped level. Under the new fee structure the average fee in any single transaction falls as the number of lots increases.
