Oslo Brs has reduced its membership fees and the fees charged for trading and reporting trades to the exchange.
The exchange’s competitiveness depends on a range of factors, including the network of members offering trading services for listed securities, it said in a statement.
Oslo Brs has made the following changes:
• The maximum trading fee is reduced from NOK 500 per trade to NOK 100 per trade.• The fixed annual fee for member firms for bond trading is reduced from NOK 200,000 to NOK 100,000.• Member firms trading in equities are to be offered the choice of an alternative tariff. Instead of a fixed annual fee of NOK 200,000, the new tariff offers a minimum annual fee of NOK 60,000 coupled with transaction and trading fees 30 percent higher than the normal tariff.
Based on trading data for 2006, these changes to fees will cause a reduction of around NOK 10 million in annual revenue for Oslo Brs.
The revised fees will apply from 1 July.