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OMX Halves Reporting Fees

In what appears to be a move to fend off competition from trade reporting utilities such as Project Boat, the OMX Nordic Exchange will cut its fees for trade reporting by half from April. The fee cut covers cash equity trades across the Stockholm, Copenhagen and Helsinki stock exchanges, and is expected to cost OMX SEK (Swedish Krona) 50 million ($7.26 million) per year. Officials say the fee reduction is the first step in a plan to introduce MiFID-targeted products

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