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As part of its commitment to encouraging greater activity and better liquidity in the market, Oslo Børs today announces reductions in membership fees and the fees charged for trading and reporting trades to the exchange. Fee changes are being made to reflect competition in the stock exchange market.
Oslo Børs strives to operate with competitive products and fees that promote active use of its marketplaces. The exchange's competitiveness depends on a range of factors, including the network of members offering trading services for listed securities.
Oslo Børs has decided to make the following changes:
- The maximum trading fee is reduced from NOK 500 per trade to NOK 100 per trade.
- The fixed annual fee for member firms for bond trading is reduced from NOK 200,000 to NOK 100,000.
- Member firms trading in equities are to be offered the choice of an alternative Tariff 2. Instead of a fixed annual fee of NOK 200,000, the new tariff offers a minimum annual fee of NOK 60,000 coupled with transaction and trading fees 30% higher than the normal tariff.
Based on trading data for 2006, these changes to fees will cause a reduction of around NOK 10 million in annual revenue for Oslo Børs.
The revised fees will apply from 1 July 2007.
