December 2006
Exchange fees: Market makers and marketing makers at LSE
Those who consider the trade reporting fees charged on the London Stock Exchange a thorn in their side are in for some pain relief.
Under what has cumbersomely been termed the Larger Size Market Maker Scheme, the exchange effectively gives a fee rebate of 50% to those that qualify as larger market makers trading shares outside the FTSE 350. The scheme builds on the SETSmm order book, a previous effort to boost the liquidity of smaller-cap stocks.
The LSE, however, claims that the scheme is not designed to address the discontent about fees that exists among market participants. Instead it says that a lot of thought has gone into improving the image of the market makers. “The Larger Size Market Makers didn’t simply want fee incentives,...
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