NZX is pleased to advise that the previously announced Aggregate Trading Fee Cap will be implemented effective 1 August 2010. The Aggregate Trading Fee Cap (ATFC) is a simplified trading fee structure for NZX’s equity markets, the Main Board
and the Alternative Market.
“The new fee structure will bring much needed simplicity to our equity markets, and it will enable NZX trading participants to try new ways to grow liquidity,” said NZX Head of Markets Fiona Mackenzie.
Under the Aggregate Trading Fee Cap, NZX trading participants will pay the lesser of their trading fees as calculated either under NZX’s Participant Pricing Schedule, or that specific firm’s trading fee cap. The cap in the first year for a specific trading participant will be based on their average trading fees paid from 2007 to 2009. An example of how the Aggregate Trading Fee Cap will work is attached.
Read more:
http://companyresearch.nzx.com/corporate/NZX/icentre.php?menu=NZX