OP cuts its equity trading prices - equity research to be included in all service packages
(Thomson Reuters ONE) -
OP will cut its online equity trading prices as of 1 April 2016. OP will also
begin to offer Finland's most extensive equity research services to all of its
equity investment customers. The prices of additional services, such as real-
time equity prices and news, will also be reduced.
As a result of this change, OP will reduce its prices for online equity trading
(via OP eServices, OP-mobile and OP-eTrader) for all customers. Meanwhile, the
prices for equity trading performed in OP branch offices will remain unchanged.
In December, OP published its Invest in Finland initiative to make investing
more attractive to Finns. During this initiative, Finland's most extensive
equity research information has been freely available to all. The objective of
this was to encourage Finns to invest in equities.
"We have been revising our trading services price list for a while. Our Invest
in Finland initiative and the opening of our equity research information to all
has brought us a significant number of new users. This also supports our view
that a large number of small investors are interested in analyses drawn up by
our specialists. Therefore, we want to make our analyses automatically available
to all of our equity investor customers," says Ari Kiuru, Head of Equities, OP
Financial Group.
In April, customers' equity trading fees will be reduced in many ways. Service
charges previously included in trading fees will be abolished. In the future,
the trading fee paid by the customer will only consist of a percentage fee which
may be as low as 3 euros. The more a customer trades, the lower the percentage
fee: the lowest fee is only 0.05 per cent.
As a financial group owned by its customers, OP also wants to reward its owner-
customers with lower trading fees, regardless of their trading activity.
As part of the price reform, OP will also reduce the prices of additional
services, such as real-time equity prices and news, by 14-80 per cent, depending
on the service. As usual, OP bonuses earned by customers will be automatically
used as payment for the additional services.
All changes in pricing will automatically apply to OP's existing customers, and
no action is required on their part.
For more information, please contact:
Read more about OP's new equity trading prices at OP.fi
Interview requests: OP Corporate Communications, tel. +358 (0)50 523 9904
(viestinta(at)op.fi)
OP Financial Group is Finland's leading financial services group providing a
unique range of banking, wealth management and insurance services. OP's mission
is to promote the prosperity, well-being and security of its owner-members,
customers and operating regions through its local presence. Its objective is to
offer the best and most versatile package of loyal customer benefits on the
market. OP Financial Group is made up of some 180 member cooperative banks and
OP Cooperative, the Group's central institution, including its subsidiaries and
closely related companies. The Group has a staff of 12,000, and has 4.3 million
customers.
As laid down in the applicable law, the member credit institutions and OP
Cooperative are ultimately jointly and severally liable for each other's debts
and commitments. Joint and several liability within OP Financial Group is based
on the Laki talletuspankkien yhteenliittymästä Act (Act on the amalgamation of
deposit banks). Pohjola Bank plc and OP Mortgage Bank are responsible for OP's
funding on money and capital markets
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: Pohjola Pankki Oyj via GlobeNewswire
[HUG#1982295]
Unternehmensinformation / Kurzprofil:
Datum: 01.02.2016 - 08:26 Uhr
Sprache: Deutsch
News-ID 447590
Anzahl Zeichen: 4410
contact information:
Town:
POHJOLA
Kategorie:
Business News
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"OP cuts its equity trading prices - equity research to be included in all service packages"
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