The Baltic Market on the Nordic Exchange to reduce fees for members

28.09.2007 VLN

New commission fees for transactions concluded on the stock exchanges that will be applied as of January 1, 2008, are reviewed to harmonize their structure and amount on the Baltic market on the Nordic Exchange.

Fee on manual trades will be reduced from 0.05% (in Tallinn from 0.04%) to 0.03% calculated from the value of the trade and maximum fee per one manual trade will be harmonized to EUR 140 (except in Riga the maximum fee will remain at current level of EUR 42). The fee for trades executed in Automatch market will be reduced in Riga and Vilnius stock exchanges from 0.05% to 0.045%, while the fee for such trades in Tallinn stock exchange will remain unchanged and will total 0.015%. A minimum fee per executed order will be introduced, which will amount to equivalent of approx. EUR 0.30 in local currency. Though for the investors trading costs still depend on members’ price lists.

“We believe, that by reducing fees for our members we will encourage them to review their fees applied for investors, so to increase trading activity on our market. By implementing new harmonized competitive pricing we will move forward to create truly uniform market structure and practices, that is considered by local and foreign market participants as a key competitive advantage of the Baltic market facilitating access and cross-border investments”, said Johan Rudén, President of the Baltic Market business unit at OMX.

The amount of pan-Baltic transactions is rapidly increasing and thus enables the Baltic Market to harmonize fees as well. Current review of the structure of the fees is the first step of such harmonization, which will be definitely continued in the future.

For more information, please contact:

Tex Vertmann, Communications Manager
Tallinn Stock Exchange +372 640 8862

Āris Dreimanis, Head of Corporate Communications
Riga Stock Exchange +371 7212431

Gintare Blazyte, Communication Manager
Vilnius Stock Exchange +370 5 272 34 58