Nasdaq Launches Experimental Access Fee Program
(Thomson Reuters ONE) -
Lowered Access Fees for Key Stocks to Provide Data for Market Structure
Improvement
NEW YORK, Feb. 2, 2015 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq:NDAQ) will launch its
experimental pricing program today with lower access fees for 14 stocks
representing both small and large capitalization companies traded on U.S. equity
listings venues.
The program reduces the access fee to five cents per 100 shares from 30 cents
per 100 shares in 14 stocks and reduces the rebates for liquidity provision on
The Nasdaq Stock Market. This experiment will generate much-needed data about
the impact of the level of access fees on areas that matter most to investors
and public companies such as the level of off-exchange trading, price discovery,
trading costs, displayed liquidity and execution quality.
"We have a bias to action and finding solutions based on empirical evidence,"
said Tom Wittman, Head of Global Equities and Executive Vice President of Global
Trading and Market Services at Nasdaq. "Today we move forward proactively with
our experimental pricing program to see how lowered access fees affects the
quality of the markets for investors and public companies."
The duration of Nasdaq's experimental access fee program will be no less than
four months. Periodically, Nasdaq's Economic and Statistical Research Group will
publicly post the results of the program. Statistics to be analyzed and
discussed are changes in market share, displayed liquidity, effective spread and
volatility amongst other metrics.
Nasdaq's Global Equities group builds and drives trading platforms that support
global economies by creating fair and transparent markets, innovating in new
regions and enabling greater opportunities for investors.
About Nasdaq:
Nasdaq (Nasdaq:NDAQ) is a leading provider of trading, clearing, exchange
technology, regulatory, securities listing, information and public company
services across six continents. Through its diverse portfolio of solutions,
Nasdaq enables customers to plan, optimize and execute their business vision
with confidence, using proven technologies that provide transparency and insight
for navigating today's global capital markets. As the creator of the world's
first electronic stock market, its technology powers more than 70 marketplaces
in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is
home to more than 3,500 listed companies with a market value of over $9.1
trillion and more than 10,000 corporate clients. To learn more, visit
www.nasdaq.com/ambition or www.nasdaqomx.com.
Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements that are made
under the Safe Harbor provisions of the Private Securities Litigation Reform Act
of 1995. These statements include, but are not limited to, statements about the
Experimental Access Fee Program, Nasdaq and its products and offerings. We
caution that these statements are not guarantees of future performance. Actual
results may differ materially from those expressed or implied in the forward-
looking statements. Forward-looking statements involve a number of risks,
uncertainties or other factors beyond Nasdaq's control. These factors include,
but are not limited to factors detailed in Nasdaq's annual report on Form 10-K,
and periodic reports filed with the U.S. Securities and Exchange Commission. We
undertake no obligation to release any revisions to any forward-looking
statements.
NDAQG
CONTACT: Nasdaq Media Contact:
Robert Madden
+1 (646) 441-5045 (office)
+1 (347) 740-0191 (mobile)
Robert.Madden(at)Nasdaq.com
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: The NASDAQ OMX Group, Inc. via GlobeNewswire
[HUG#1890820]
Unternehmensinformation / Kurzprofil:
Datum: 02.02.2015 - 14:30 Uhr
Sprache: Deutsch
News-ID 368483
Anzahl Zeichen: 4626
contact information:
Town:
New York
Kategorie:
Business News
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