Dedicated fee package for high frequency trading on Euronext cash markets

06.06.08 - 21:58 ... source : New York Stock Exchange

... Amsterdam, Brussels, Lisbon, Paris – 5 June 2008 - NYSE Euronext (NYX) today announced the implementation of a customized and innovative fee package that will reduce fees by up to 30% for high frequency trading on its European cash equity markets. This new fee package, known as Pack Epsilon, will be effective from 1st July 2008 for all stocks listed on Euronext Amsterdam, Brussels, Lisbon and Paris to address the growing demand of high frequency trading. In order to address the unique characteristics of high frequency trading, the new Pack Epsilon pricing will allow eligible clients to increase their order flow in Euronext stocks while being charged for the first partial order execution only, rather than being charged for each partial execution linked to the same order. In addition, Euronext's existing order-to-trade ratio will be expanded from 10:1 to 30:1, allowing eligible clients to increase si ...» Next (HTML)