The changes imply that a distinction is no longer made between the price paid by a member or customer respectively. In future, only one rate will apply to both groups. At the same time, a new price structure for market makers is introduced.
The purpose of the changes is that Danish derivatives should be traded based on the same price structure regardless of whether the products are traded in London, Stockholm or Copenhagen. Furthermore, the change is another step towards the harmonisation of the Nordic marketplaces in that uniformity is established in the price structures for both Danish and Swedish derivatives, so that the market participants are not required to study several price structures.
The change implies that customers will pay less than today, and members who are not market makers will see a slight increase. For market makers, the new structure means extra low prices seeing that market makers commit themselves to quote prices continuously.
"The new simplified price structure with reduced prices for market makers will provide a basis for increased trading and pave the way for a well-functioning market maker scheme with prices quoted continuously as well as good depth in the derivatives market", says CFO and head of trading Jan Ovesen. Please address questions regarding this press release to CFO Jan Ovesen and Kirsten Thaarup Tel.: +45 3393 3366.
