Frankfurt-based futures and options exchange Eurex intends to reduce transaction fees on Finnish equity options in a bid to boost trading volumes. Working with Finnish Exchange Hex Integrated Markets, the average trading cost would be reduced by more than 50%, said Eurex.The new fees, which come into effect on January 2, will be €0.50 for trading and clearing a contract, and €0.10 for market makers.
Officials at the exchanges said the goal was to win business from the over-the-counter market. However, Rudolf Ferscha, chief executive at Eurex, added that “the benefits of mutually stimulating the OTC and exchange markets will lead to further growth industry-wide, and thus also to further growth at Eurex”.
Eurex and Hex have traded Finnish equity options jointly since September 1999. Currently, the Nokia equity option is the most liquid Finnish equity option worldwide, with an estimated 12 million traded this year, 70% of those on Eurex.
More on Exchanges
Significant global players not on list to join Shanghai Clearing House
Taiex futures set to be followed by other products
New equity options on two exchanges
A collection of articles concerning exchanges in Asia
Sign up for Risk.net email alerts
Nominated for two technology awards
Nominated for post trade technology award
Sponsored webinar: Collateral and counterparty tracking
Isda directors warn on fragmentation, access and liquidity - but expect problems to pass
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.