- Following fruitful discussions with the exchange's members, we are delighted to present new, lower fees for our derivative products. Through the introduction of this, the competitive strength of the OM Stockholm Exchange will be reinforced and trading volumes will increase, says Niklas Midby, Head of the Transaction business area and Executive Vice President of OM Gruppen.
- From the Swedish Securities Dealers Association 's perspective we appreciate the fact that the OM Stockholm Exchange has presented this new price list which we believe will strengthen the Swedish options market, explains Per-Ola Jansson, President of the Swedish Securities Dealers Association.
The OTC-trade in options and futures, i.e. trading which takes place outside the exchange, has increased significantly during recent years and is currently estimated to be on a par with exchange trading in equity related options and futures. The OM Stockholm Exchange, as well as many other market participants, believes that a large proportion of OTC trade will move to the exchange instead with the advent of this new fee structure. This in turn will substantially improve liquidity.
The new pricing structure involves a general lowering of fees by almost 40% in equity-related options and futures on the OM Stockholm Exchange, based on trading figures for the last quarter. For most participants this change will actually mean a fee reduction of 50% or more.
Ever since its inception in 1985 OM has worked on developing and broadening the Swedish derivatives market. For the OM Stockholm Exchange good customer relations have always been a priority and these relations will now be strengthened even further in future. The new fee structure, combined with other services offered by the OM Stockholm Exchange, represents unique added value for the customers.
One example of this is the end-customer clearing provided by the OM Stockholm Exchange. The OM Stockholm Exchange enters as the counterparty in each end-customer transaction, in contrast to member clearing. Apart from considerably improving risk management, this also leads to simplified administration. Member clearing means that each member must develop its own clearing solutions at an end-customer level.
During the course of 2001 the OM Stockholm Exchange will further improve its customer offer when the trading hours are extended for equities, options and futures. As early as the second quarter of the year customers will be able to trade daily up to 2200hrs through the OM Stockholm Exchange's comprehensive member network.
The OM Stockholm Exchange is a pioneer in the field of creating functional exchange networks. Norex facilitates the trade of Nordic equities through one and the same system, SAXESS, on the OM Stockholm Exchange, the Copenhagen Stock Exchange and later in 2001 also on the Oslo Stock Exchange.
In order to receive a more detailed description of fee changes, or the fee structure in its entirety, please visit www.omgroup.com or call +46 8 405 66 21.
