
33 Cannon Street
EC4M 5SB London
http://www.euroclear.com
Martin Gregson
+32 (2) 326-4186
Euroclear UK & Ireland reduces fees and improves tariff transparency
The average trade-netting fee will fall from 4.3p to 1.8p per transaction, with most high-volume clients paying an average of 1p per transaction. In addition to this tariff reduction, EUI will redesign its tariff schedule to improve transparency by charging separately for MiFID-related transaction reporting and UK and Irish stamp duty assessments for relevant trades. Currently, these two services and trade netting are priced on a combined basis.
Yannic Weber, Chief Executive Officer of Euroclear UK & Ireland, commented: "As the trading and clearing market infrastructure continues to change, particularly in the UK, we believe that clients will benefit from unbundled, transparent tariffs and will better appreciate the very low fees we charge for key services. We aim to remain highly competitive in offering services that help clients achieve best trade execution."
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