Smaller fees on BSE as of today

The trading fees charged by the Bucharest Stock Exchange (BSE) and paid by the brokerage firms, which, in their turn, get them back from clients, will be 28% lower as of today. The extent of the fee drop is close to the increase in the quotes on the market since the beginning of the year, so that if the number of shares changing hands on the market stays the same as last year, BSE’s revenues will maintain, as well. BSE in 2003 collected 47bn ROL (1.3 million euros) in trading fees. “We have come to the conclusion that reducing these costs will stimulate the market and draw more investors to it,” Sergiu Oprescu, BSE’s chairman said. The last fee cut dates back to the second half last year but that was just a temporary measure. The trading fee on the Regular market, where regular stakes are traded, will be lowered for both buys and sales from 0.25% to 0.18%. The Odd Lot market, which sees stakes smaller than the regular ones traded, and the Deal market will have fees lowered from 0.30% to 0.22%. ZF