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The Nordic Exchange reduces fees on trade reporting


The Nordic Exchange reduces fees on trade reporting As of April 2, 2007, the OMX Nordic Exchange will reduce its fees related to cash equity trades reported to the Stockholm, Copenhagen and Helsinki Stock Exchanges. The fees for trade reporting will be harmonized and reduced by approximately 50 percent. Based on trading revenues during the last 12 months until September 2006, the fee reduction would have had a negative effect on OMX revenues with approximately SEK 50 million on a yearly basis. The creation of the Nordic Exchange has improved efficiency and we want to ensure that the benefits of the Nordic harmonization and our market leading technology are shared with our customers. The fee reduction is a first step in introducing products for trade reporting for Markets in Financial Instruments Directive (MiFID), the EU-regulations that will be introduced next year as part of the development of the European financial market. Next step for OMX trade reporting offering is to extend it to securities from all over the European Union and further simplify our reporting facility, said Jukka Ruuska, President OMX Nordic Exchange. For more information, please contact Ulrika Areskog, OMX +46 (0)8 405 63 76 About OMX | OMX is a leading expert in the exchange industry. Through the Nordic Exchange, OMX offers access to approximately 80 percent of the Nordic and Baltic securities market. The Nordic Exchange is a term used for marketing purposes and is not a legal entity. It describes the common offering from the Helsinki Stock Exchange, Copenhagen Stock Exchange, Stockholm Stock Exchange, Iceland Stock Exchange, Tallinn Stock Exchange, Riga Stock Exchange and Vilnius Stock Exchange. OMX integrated technology solutions cross the transaction chain enabling efficient securities transactions for over 60 exchange organizations in more than 50 countries. OMX is a Nordic Large Cap company in the Financials sector on the OMX Nordic Exchange. For more information, please visit PDF

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