NYSE Euronext Reduces Fees On Options Trades
24 Giugno 2009 - 6:09PM
Dow Jones News
NYSE Euronext (NYX) has decided to reduce, and in some cases
eliminate, fees it charges investors who trade options on its
exchanges, following in the footsteps of several exchanges that are
revamping their pricing models.
NYSE Euronext announced Wednesday that it will no longer charge
a facilitation fee to firms that facilitate their customer order
flow. The fee applies to any transaction involving the firm's
proprietary trading account, which has a customer of that same firm
on the other side of the transaction.
The exchange also will reduce fees for electronic broker dealer
orders at NYSE Amex to 15 cents from 50 cents.
The fee changes are intended to increase the number of options
orders that flow through the exchange.
The move coincides with a decision by the Boston Options
Exchange to eliminate "taker fees" on trades involving three
popular exchange-traded funds and a decision by the International
Securities Exchange in May to remove "premium product" fees on
options of ETFs listed on multiple exchanges and indexes.
It also follows a decision by Nasdaq OMX Group (NDAQ) to assess
a new 20-cent taker fee for customers who buy and sell options that
trade in penny increments.
- By Tennille Tracy; Dow Jones Newswires; 212-416-2183;
tennille.tracy@dowjones.com