This will be the first revision of the cost structure in three years and will facilitate greater access to share price information by investors at a reduced rate and in some cases even free of charge. The new pricing structure will be implemented from 1 January 2001. As of this date, investors will for the first time be able to obtain all share price information not only live or at the end of the day, but also after a 30-minute delay. Information obtained after a 30-minute delay will be provided by the JSE free of end-user fees. Previously, all share price information was treated as live data and thus attracted fees charged by the JSE.
Private users accessing end-of-day information to update their portfolios will also benefit from a 36% decrease in their end-user fees.
The new costing structure also incorporates a simplified charging mechanism for investors requiring occasional access to a single live price. This will provide both data distributors and online trading members with greater flexibility in the structuring their products to suit their target market.
Comments Russell Loubser, Executive President JSE: "We want to encourage the use of our market data by providing all investors (both professional and private) with the most cost effective way of accessing the information they need. Working closely with many data distributors, we are also seeking to optimise the range of products that they can provide with JSE data".
