The current ad-valorem structure will be replaced by a fixed fee structure, providing customers with a simplified fee grid and an all-inclusive low clearing fee on all cash equity markets.
This new fee reduction, down to €0.05 for blue chip stocks, has been facilitated by the current implementation of a new I.T. structure, which will result in reduced operating costs, driving down the cost base and thereby enabling fee reductions.
Christophe Hémon, Chief Executive LCH.Clearnet SA, said: “This latest reduction is part of LCH.Clearnet’s on-going commitment to provide an even more competitive offering: a compelling combination of cost effective pricing, clearing expertise and a capacity to clear innovative products."