Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

Reduction Of Fees For Share Options And Share Index Options On Amsterdam Exchanges' Options Market

Date 31/07/2000

With effect from 18 September 2000 the fees for floor and prof transactions for share options and index options will be cut for some categories of seatholders at Amsterdam Exchanges' options market. This fee change will remain in effect until the introduction of the Euronext fees.

Floor broker own account, POM firm and off-floor trader

In these categories, the fees for floor and prof transactions in share options and share index options will be reduced by more than half from ? 0.45 to ? 0.20 per contract.

In addition a maximum orderfee of ? 750 will be introduced which will also apply for combination orders.

The current discount arrangement for floor and prof transactions in share options and share index options will be discontinued.

Market makers

In this category the fee for prof transactions in share options and share index options will be reduced by more than half from ? 0.45 to ? 0.20 per contract.

In addition, a maximum orderfee of ? 750 will be introduced for prof transactions, including combination orders. The current discount arrangements for market makers conducting prof transactions in share options and share index options will be discontinued.

The fees and current discount arrangement for market makers for floor transactions in share options and share index options remains unchanged.

Other

Amsterdam Exchanges' options market is investigating the possibility of a further reduction of the fees for transactions executed by seatholders and will inform you as soon as possible of the results of this investigation.