LSE reduces exchange fees

The London Stock Exchange (LSE) announced its decision to reduce its exchange fees for this year. This decision is said to be motivated by the growing competition in the European market. Investment banks will launch their own pan-European trading platform. This latter project is seen as a response to the new EU regulation MiFID (Market in Financial Instruments Directive), which will come into force in November 2007. An important aim of MiFID is to enhance competition in the European stock trading. One of the effects will be that investors will no longer be bound to stock exchanges for trading or settlement operations.

LSE announced that the first fee cuts will come into force on 1st April. Before that the LSE will have to find ways to ward off the unfriendly takeover attempt from the US exchange NASDAQ.

Source: Tages-Anzeiger


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