Oslo Børs is committed to stimulating greater interest in the securities market and making the market more accessible, and it has therefore decided to reduce the prices charged to private investors for access to real-time information.
The changes can be summarised as follows:
- The prices charged to private investors for access to real-time information will be reduced significantly, and this will apply to subscriptions both with and without information on order depth. Real-time access for private investors will cost NOK 10 per month without order depth information, rising to NOK 100 if order depth information is included.
- Improved access to key information from Oslo Børs about listed companies and securities for private investors, with lower prices.
- Investment firms that are members of Oslo Børs will pay significantly less for share price enquiries in trading applications. An entirely new pricing model is to be introduced in this area, which will also offer lower prices for private investors.
These changes will come into force on 2 October 2006.
In addition to the changes outlined above, the annual licence fee for distributing information with a 15-minute delay will be significantly reduced with effect from the year-end. The goal is to make it possible for more Internet sites and other news suppliers to provide this type of information for their users.
“Oslo Børs is very pleased to be able to improve access to real-time information by reducing prices for private investors. This is in line with the strategy for Oslo Børs, which makes it a target to help to simplify and facilitate investment in securities by private investors”, comments Bente A. Landsnes, President and CEO of Oslo Børs.
“As one of the major participants in the Oslo Børs market and a major distributor of real-time data to private client investors, this is very welcome news and good news for investors. This will make real-time market data accessible to many more privat individuals, and will help to boost interest in investing in securities listed on Oslo Børs”, explains Lars Thorstensen, Manager of Nordnet Norway.
“This is an important step in the right direction to make Oslo Børs even more competitive. Access to company and price information is just as important for many small investors as it is for the major professional investors. The new price structure means that cost will no longer be an obstacle to accessibility”, comments John Peter Tollefsen of the Norwegian Shareholders Association.
The price changes will have no material impact on Oslo Børs Holdings results.
