The Exchange has just published a new price structure for 2003 for redistribution of electronic real-time information from the stock market.
This year, the real-time information from the market is enhanced by information on non-listed unit trusts on the Exchange's XtraMarked.
As from 1 January 2003, the Exchange will increase the real-time information to private investors, without raising the prices, by the much coveted yield indices, which have previously been reserved for the professional market in a separate payment product.
Commenting on the new price structure, Senior Vice President Peter Belling said:
"With this new pricing policy we consider the private investors by reducing the licence fees payable by redistributors. This will further encourage e.g. banks with a limited client base to offer real-time information to their customers. In addition to lowering the licence fee, we will offer real-time information on more than 30 yield indices. In other words, as from 2003, the private investors will get an even more professional tool, with which to assess their share investments."
For DKK 50 a month in royalty to the Copenhagen Stock Exchange the private investors may in future continue to receive real-time information from the four sub-markets: the share, unit trust, bond and derivatives markets as well as from the Exchange's XtraMarked for non-listed unit trusts.
Redistributors with up to 25 private customers - the so-called end users, will see the price of redistribution go down by 50 per cent to a quarterly fee of DKK 10,000. Redistribution to 25-100 end users remains unchanged at a quarterly fee of DKK 20,000, while redistributors with more than 100 end users will see a price reduction of DKK 10,000 to DKK 30,000 per quarter for the right to redistribute market data in real-time.
