Nasdaq OMX Europe, a pan-European multilateral trading facility (MTF), has unveiled a maker-taker price promotion for trading NYSE Euronext securities on its platform. The promotion is effective from 1 May until further notice.
The MTF will pay a rebate of 0.15 basis points for adding liquidity to its order book in NYSE Euronext securities and charge 0.15bps for taking liquidity in those stocks. This effectively means trading NYSE Euronext stocks will be free on Nasdaq OMX Europe, assuming a 50:50 maker-to-taker order ratio.
The promotion includes securities in the Paris CAC 40 and NEXT 20, Amsterdam AEX 25 and AMX 25, and Brussels BEL 20 indices.
Also from 1 May until further notice, Nasdaq OMX Europe will cut its fee for routing orders to Deutsche Börse, London Stock Exchange (LSE) and NYSE Euronext Amsterdam, Paris and Brussels to 0.50bps. Previously the routing charges were 0.65bps for Deutsche Börse, 0.95bps for NYSE Euronext Amsterdam and Paris and 2.1bps for NYSE Euronext Brussels.
Routing to the LSE would have cost 0.70bps following the end of the current price promotion on 1 May for routing UK-listed equities. Under the current promotion, routing to the LSE costs 0.25bps.