Nasdaq OMX Europe, a pan-European multilateral trading facility (MTF), has modified its onward routing fee structure for the third time since its launch last September and has added new trading venues to the service.
SWX Europe, Wiener Börse and BATS Europe, an MTF launched in October 2008, were added as routing destinations by Nasdaq OMX Europe on 2 January, priced at 1.8 basis points, 6.8 bps and 0.3 bps per routed trade respectively. Also from this date, orders sent to Deutsche Börse cost 0.65 basis points per trade instead of 0.9 bps.
In line with routing costs to other pan-European MTFs, sending UK-listed equities to BATS will be charged at 0.25 bps until 31 March, when Nasdaq OMX Europe’s price promotion ends.
In addition, the MTF has increased its fee for routing transactions to Nordic exchanges owned by its parent group (from 1.3 bps to 1.4 bps for Nasdaq OMX Helsinki and Nasdaq OMX Stockholm, and from 1.3 bps to 1.8 bps for Nasdaq OMX Copenhagen), imposed a 0.5 bps rise in fees for orders routed to NYSE Euronext Brussels to 2.1 bps and placed a 0.1 bps increase for orders sent to the Oslo Børs. These price changes will come into effect on 2 February.
Nasdaq OMX Europe, owned by global exchanges group Nasdaq OMX, was the first pan-European trading venue to introduce onward routing, effected via Citi’s high-speed equity execution platform.