Largest brokers unhappy with Euronext fee structure.

From: Financial News | Date: July 13, 2003 | Copyright information

Byline: Sophie Brodie

Euronext has failed to convince its largest and most active members that its new fee structure will lower their cash trading costs, despite claiming that the changes will cut its trading revenues by between 6% and 11.5%.In the past few months, larger brokers have been venting their frustration with the pan-European exchange's apparent decision to appease domestic brokers in the Dutch market, which had been threatening to move their business to the London Stock Exchange unless Euronext cut its tariffs.

As a result, Euronext announced a new complex ...

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