The London Stock Exchange (LSE) is cutting the prices it charges its biggest users, according to a report in the Financial Times today. The LSE has buried the price cuts somewhere on its web site, where nobody can find them, but the story suggests that it is halving flat rate tariffs for broker-dealers doing more than 1.75 million trades a month, and giving rebates to attract Dutch equity liquidity to London. It is significant that no-broker-dealer has yet cleared the 1.75 million trades a month threshold – a reminder that the price cuts are really designed to lure liquidity away from Deutsche Borse and Euronext. Importantly, as trading costs fall, clearing and settlement fees are rising as a proportion of total transaction costs.
London Stock Exchange Trims Trading Costs In Bid To Attract Liquidity
The London Stock Exchange (LSE) is cutting the prices it charges its biggest users, according to a report in the Financial Times today. The LSE has buried the price cuts somewhere on its web site, where nobody can find them,
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