Following its successful launch and the rollout of over 500 securities, NASDAQ OMX Europe today announced it will introduce a price promotion positioning NASDAQ OMX Europe as the most competitively priced trading platform in Europe.
The pricing will feature an increased rebate for adding orders as well as further discounted pricing for removing liquidity on all stocks on NASDAQ OMX Europe. There will be an additional discount on routing orders in UK listed equities to other markets.
The promotion includes:
* A 25 percent increase in rebates (to 0.25 basis points) for adding liquidity on the market by posting sale or purchase orders on the book.
* A further 17 percent discount (to 0.25 basis points) for removing liquidity from the NASDAQ OMX Europe order book.
* An all inclusive transaction fee of 0.25 bps for routing orders in UK listed equities to other MTFs or the London Stock Exchange (LSE), representing a further 70% reduction in current routing charges to the LSE.
Charlotte Crosswell, President of NASDAQ OMX Europe commented, "This promotion will introduce the most competitive pricing for any trading venue in Europe. We are delivering on our promise to provide a better trading experience to investors, whilst reducing costs not only on our own book but also across other marketplaces in Europe."
The promotion applies to all NASDAQ OMX Europe market participants and is beginning 3rd November 2008 and will be reviewed at the end of 2008. -- www.nasdaq.com
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