London Stock Exchange (LSE) has announced, effective 1 November 2008, that it has increased the fee on executions resulting from business from "displayed MTFs or regulated markets" that are accessing the LSE order book.
Orders executed in FTSE 350 securities will be charged a rate of 0.25 basis points (bps), regardless of the execution venue (i.e. NASDAQ OMX Europe, other MTFs and London Stock Exchange). Please note that this pricing is All-Inclusive, meaning that all LSE execution costs are included and no other execution venue costs will apply.
The full promotion includes:
- An all inclusive transaction fee of 0.25 bps for routing orders in FTSE 350 securities to other MTFs or the London Stock Exchange.
- A rebate of 0.25 bps for adding liquidity to the NASDAQ OMX Europe order book in all securities.
- A charge of 0.25 bps for taking liquidity from the NASDAQ OMX Europe order book in all securities.
The price promotion applies to all NASDAQ OMX Europe market participants and will be reviewed at the end of 2008.