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3/2010: Reduced Cash Equity Trading Fees from 1st April 2010
| For: | Members of Oslo Børs and Oslo Axess |
| Date: | 24/02/2010 |
From 1st April 2010 the following adjustment in cash equity trading fees for Oslo Børs and Oslo Axess will be implemented:
Reported Transactions
- Free of charge
Discounts:
- Top 5 discount (5 most liquid stocks, assessed every 6 months) is introduced. The discount applies to both value fees and executed orders. The discounts for tariffs 1, 2,3 and 4 are respectively 35%, 40% 60% and 50%
- The OBX discount applies to stocks in the OBX index, excluding the 5 most liquid (Top 5) ones which have own discounts. The discount for tariff 4 is adjusted from 50% to 40%
- Internal crossing in the order book receive a 25% discount for all fee schedules
- Value discounts are introduced for all fee schedules. All value traded above certain thresholds, based on average daily value traded for the individual months, will receive a reduced fees
Fixed Fees:
- Fixed fees will be invoiced in advance per quarter (3 months), as opposed to the current structure of 6 months prepayment. Equity members will be able to change fee schedule quarterly in connection with payment of fixed fees
- Adjustments in fixed fees for price tariffs 3 and 4Tariff 3 with an increase of NOK 10,000 per month
- Tariff 4 with a reduction of NOK 10,000 per month
Variable Fees
- The value fee is adjusted from NOK 24.00/million to NOK 20.00/million for tariff 3
- The executed order fee is adjusted from NOK 3.50 to NOK 4.25 per executed order for tariff 3
- The value fee in auctions is increased by 20% for tariff 1, 2, 3, and 35% for tariff 4
- The executed order fees in auctions is increased by 20% for tariff 1, 2 and 3
Tariff Table:
| Tariff 1 | Tariff 2 | Tariff 3 | Tariff 4 | |
| Fixed fees | ||||
| Fixed Monthly fee | - | 50 000 | 210 000 | 190 000 |
| Minimum Monthly Fee | 5 000 | - | - | - |
| Variable fees | ||||
| Value fee | 0.00600 % | 0.00500 % | 0.00200 % | 0.00500 % |
| Executed order fee | 8.00 | 6.00 | 4.25 | 0.0 |
| Auction value fee | 0.00720 % | 0.00600 % | 0.00240 % | 0.00675 % |
| Auction executed order fee | 9.60 | 7.20 | 5.10 | 0.0 |
| Discounts | ||||
| Top 5 | -35 % | -40 % | -60 % | -50 % |
| OBX (ex Top 5) | -30 % | -35 % | -50 % | -40 % |
| Internal crossing | -25 % | -25 % | -25 % | -25 % |
| Volume discount (Level for average daily volume) | ||||
| Level 1 | 50 mill. | 100 mill. | 250 mill. | 300 mill. |
| Level 2 | 150 mill. | 400 mill. | 450 mill. | |
| Level 3 | 550 mill. | 550 mill. | ||
| Volume discount | ||||
| Discount 1 | -10 % | -10 % | -20 % | -20 % |
| Discount 2 | -20 % | -35 % | -30 % | |
| Discount 3 | -50 % | -40 % |
Yours sincerely
OSLO BØRS ASA
Anders Brodin
Deputy CEO