No more bullying of small market makers
Euronext raised fees for small market makers. After three weeks in business, the decision is cancelled again.
The preferential class fee scheme for market makers has been removed from the price list as of December 1st, and the fees for market makers without liquidity provider roles doubled. Apart from not understanding the economic need to bully the small ones, raising fees at the start of a price competition with TOM is an interesting tactical move, a clear example of out-of-the-box thinking. At least I don’t get it.
Also at Euronext, the management can’t remember the rationale for doubling the fees for small market makers. Starting January 1st, the preferential class is back on the table again and the small traders can resume trading like nothing happend, against the old fee schedule. The notice states the fees will be raised again as of July 1st 2012. That’s not going to happen.
The official notice can be found here. Also fixed are some fee trouble with daily and weekly options.
How I enjoy sarcasm 🙂
However the hughe rise in fee for prof trades remain! Besides that, they also stopped the abbility to change the pref.class.fee.
So no more…..go with the flow! How stupid can you be??
its euronext, nothing can surprise me any more,
Is that you Jan Reip?
are Euronext futures out or something????
Jan Reip is no longer with us
Hij was er rijp voor
R.e.i.p.
… Nee sla dood oz
He was ripe for
R.e.i.p.
… No dead lettuce oz
You Reip what you show