Saxo Bank, a Danish bank specialized in providing online trading services, said on Friday it will terminate real-time market data from the Australian Securities Exchange (ASX) exchange. The broker will cancel the current subscriptions on 30 June, 2016, without renewing the service.
It will also require clients to pay separate fees for real-time data subscriptions for STOXX and Euronext indices, starting 1 July, 2016. The broker will require different fees for the two indices, as well as for private and professional clients.
Following is more details about the market-data subscription fees Saxo Bank clinent will have to pay soon:
|Real-time level 1 data fees||STOXX® Indices||Euronext Indices|
|Private Users||2 EUR/month||8.58 EUR/month|
|Professional Users||1 EUR/month||15 EUR/month|
Saxo Bank warned that current STOXX and Euronext subscriptions will be terminated on the last day of June. Clients who want to renew their subscriptions will be charged the new fees.
Euronext indices will remain on the Euronext Parise (PAR) exchange, while STOXX indices will be available on the STOXX Indices exchange.
Euronext is the first pan-European exchange, spanning Belgium, France, the Netherlands, Portugal and the UK. STOXX, a unit of Deutsche Börse Group, is a globally integrated index provider, covering the world markets across all asset classes.
Saxo Bank holds a banking license from Denmark’s Financial Supervisory Authority (FSA) and acts as a brokerage firm and a market maker, offering trading in more than 30,000 instruments, including forex, binary options, contracts for difference (CFDs), stocks, futures, and bonds. It works with retail and institutional clients alike.
The group operates 25 offices and has subsidiary companies across Europe, Asia and the Middle East, Australia, South America, and South Africa. The Saxo Bank group also offers traditional banking services through its unit Saxo Privatbank.
Source: Saxo Bank