Oslo Børs is to reduce its fees for derivatives trading with effect from 1 January 2010. The changes are being made to improve competitiveness and help to encourage increased activity in order to facilitate growth in the derivatives market.
The reductions apply to trading in stock and index options and index futures, and there will also be some changes to the fee structure and obligations that apply to market-makers in the derivatives market.
The most important changes are as follows:
- The fee for trading index options is reduced from 0,7% to 0,4% of the traded premium. The minimum fee remains NOK 1, but the maximum fee reduces from NOK 10 til NOK 8.
- The fee for trading stock options is reduced from 1,0% to 0,75%. The minimum fee reduces from NOK 3 to NOK 1, while the maximum fee reduces from NOK 20 til NOK 14.
- A volume discount is introduced for trading in index futures (OBX), based on a customer´s total fees for futures trading. Given current trading volumes, this will represent a significant discount for customers that trade large volumes.
Information on fees and the pricing structure for the derivatives market can be found at:
http://www.oslobors.no/ob_eng/Oslo-Boers/Trade/Oslo-Boers-fees
"Børs is committed to offering competitive fees and pricing that will help to encourage greater activity on the marketplace. We will keep our fees and pricing under continuous review in order to facilitate growth in the derivatives market”, comments Jesper von Zweigbergk, head of the derivatives department at Oslo Børs.
These changes will apply only to trading on the standardised derivatives market on Oslo Børs, and do not apply to trading on Oslo Connect.
