Boerse Stuttgart, Europe’s leading stock exchange for retail investors, reduced its transaction fees for securitised derivatives (leverage and investment products) with effect from 1 February 2012. The move applies to the variable transaction fees, which have been reduced from 0.1 to 0.095 percent of the order countervalue, and aims to make Boerse Stuttgart more attractive to investors placing orders for securitised derivatives worth up to EUR 14,500. Orders in this range account for a large part of the overall trading volume in the segment.

“We have introduced the new fee structure to support retail investors. Our aim is to strengthen our position as market leader and promote sustained growth in the area of securitised derivatives,” commented Christoph Lammersdorf, CEO at Boerse Stuttgart Holding GmbH, adding that the new price structure would enhance the appeal of trading in securitised derivatives, especially for smaller and medium-sized orders. He also believes the move will provide an incentive for newcomers, and those investors who have recently held back on account of the difficult market situation, to begin trading in smaller volumes.

Thanks to a high level of liquidity, Boerse Stuttgart already offers a very narrow spread between buy and sell prices. This additional reduction in the stock exchange’s transaction fees will make Stuttgart even more attractive to retail investors. The fee structure is very simple and transparent, so that investors can anticipate the execution fee even before placing an order.

The transaction fees payable as of 1 February 2012 for each order to trade in securitised derivatives are given in the table below. (All prices will be charged plus the current VAT rate of 19 percent):