The new LSE membership price list introduces a flat fee for all member firms of £12,500 per annum. Members will no longer be required to provide annual headcount declarations in order to calculate their annual fee, reducing the administrative burden for members. The updated tariff also benefits from being simpler and more transparent.
In recognition of the contribution of member firms to the liquidity of LSE markets, all member firms will be entitled to benefit from trading credits of up to £2,500 per annum. These credits will be applied automatically to the following:
- order execution charges;
- on Exchange reported trade fees for equities and Exchange Traded Products;
- OTC reported trade fees for equities and Exchange Traded Products.
Additionally, firms that are members of both the LSE and Borsa Italiana will receive a 20% discount on the annual membership fee of each market.
The membership price list can be viewed here (file pdf - 185 KB)
From 1 April 2011, the fees for on Exchange and OTC reported trades in equities and Exchange Traded Products will be reduced from 6p to 3p per reported trade. Furthermore, the LSE is introducing a fee cap of £800 per month for reporting trades in these securities in order to deliver further value and greater predictability for trade reporting participants.
Trades reported by Registered Market Makers will continue to be free.
For more information, please see the Trading Services price list here.
Una Vista member firm offer
UnaVista is the London Stock Exchange's secure, hosted platform for all matching, validation and reconciliation needs. UnaVista offers a range of business solutions within three areas: Post-Trade Services, Data Solutions and Reconciliations.
UnaVista Post-Trade Services includes transaction reporting, confirmations portal and a swaps portal.
UnaVista Reconciliations enables clients to perform any type of reconciliation their business needs all on one platform.
UnaVista Data Solutions includes a range of reference and historical trading data as well as SEDOL Masterfile.
Member firms can automatically benefit from a three month no obligation free trial of UnaVista Post-Trade Services, Data Solutions and Reconciliations.*
*excludes SEDOL licences
For more information please visit the UnaVista site.