Exchange Notice Copenhagen : NASDAQ OMX Nordic Reduces Fees on Automated Trading


NASDAQ OMX Nordic introduced reduced fees for automated trading in the
beginning of 2008. The amount of automated trading has constantly increased
resulting in improved liquidity on the Nordic shares for the benefit of all
customers. 

In order to further improve the competitiveness and the attractiveness of the
Nordic Markets in the changing European trading landscape, NASDAQ OMX's
exchanges in Copenhagen, Helsinki and Stockholm have decided to increase the
discount granted for automated trading. 

The new automated trading discount will consist of two components: a 75 percent
discount (currently 50 percent discount) on fee per executed order, and a 25
percent discount (currently 5 percent premium) on value based fee of a trade,
and is applicable to trading flows channeled through a designated automated
trading account provided to the member by the exchange. As a result of the new
discount scheme the marginal discount for automated trading is estimated to
increase from current 30 percent up to approximately 60 percent. 

The new prices for automated trading will become effective as of January 1st
2009. 

For further information concerning this exchange notice please contact Allan
Hvalsøe Olsen, Kirsten Thaarup on telephone +45 33 93 33 66, or Henrik Husman
telephone +358 9 6166 7208.

Attachments

nasdaq omx nordic reduces fees on automated trading.pdf