November 26, 2007 / 8:03 PM / 12 years ago

NYSE says to cut some trade-date comparison fees

NEW YORK, Nov 26 (Reuters) - NYSE Euronext’s New York Stock Exchange NYX.NNYX.PA said on Monday it will trim the fee it charges for online trade-date comparisons in a bid to price its services competitively.

The reduction, effective Jan. 1, will cut the fee for clients submitting transactions for trade-date comparison on its online comparison system to 10 cents per transaction, from 15 cents.

The Big Board said the fee cut was one of a number of steps it is taking to make sure its services are priced competitively. It will also eliminate a $10,000 fee to access the on-line comparison system, it said.

Fees are being reduced after the NYSE determined its fee revenue from online comparison system exceeded its maintenance costs.

The fee revision will effectively lower the costs for all firms engaging in floor-based transactions, according to the statement. (Reporting by Lilla Zuill; Editing by Gary Hill)

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