Vilnius Stock Exchange To Reduce Transaction Fees Further

From January 24 of this year, new amendments to the Trading rules of the Vilnius Stock Exchange (VSE) according to which the trading fees for share transactions will be reduced from 0.08% to 0.07% of the trade value will come into effect.

The VSE has already reduced the trading fees for share transactions as of January 1 of this year. However, in view of Lithuanian Securities Commission’s approval of the Management Board decision of the Central Securities Depository of Lithuania (CSDL) to reduce operation fees for settlement of orderbook trades, the VSE Management Board took decision to reduce the trading fees for share transactions over again. The CSDL reduces this fee from LTL 2.61 (EUR 0.76) to LTL 1 (EUR 0.29). Amendments to the VSE Trading Rules will come into effect together with the new CSDL fees on January 24.

After lowering the trading fees for share transactions from January 1, 2005, the trading on the VSE boosted. During the thirteen trading sessions, orderbook share turnover reached LTL 58.53 million (EUR 16.95 million), whereas orderbook share turnover during January 2004 amounted to LTL 47.68 million (EUR 13.81 million). Average number of share trades per day this year amounted to 576, whereas an average number of share trades per day last year was 372.

“We hope that this new reduction of trading fees will further increase trading on the stock exchange and boost interest in the VSE listed securities as well as attract new investors”, said the VSE President Dalia Jasulaityte.