ASF eliminates Market Making Transaction Fees

UniCredit Bank S.A.
Summary: 
Regulatory fees for market makers on the BVB Regulated Spot Market will be eliminated with effect from 1 August 2016
Thu, 21/07/2016

As a part of a series of reductions of the fees for transactions executed on the stock market, the Council of the Financial Supervisory Authority (ASF) has resolved during its last meeting to completely eliminate the currently existing regulatory costs for market makers (liquidity providers) of 0.06%. The decision comes into force on 1 August 2016.

According to the BVB Rulebook, market makers are participants which, using their own capital, undertake to maintain the liquidity for financial instruments traded on the Regulated Spot Market by introducing and maintaining firm bid and ask offers on their own behalf and may as a result enter into transactions based on these offers during the period of time that they hold this status.

 

Impact on investors: The reduction of the costs for market makers aims at increasing the liquidity on the domestic stock exchange