STOCKHOLM, Sweden, Oct. 28, 2002 (PRIMEZONE) -- To enable more private investors to gain access to share-price information in real-time, Stockholmsborsen is reducing the price it charges information agencies and members for this service.
In brief, the following changes will be made for share-price information distributed by members and information agencies:
- The price for basic real-time information is being reduced for private and professional investors. - The price for more comprehensive real-time information is being reduced sharply for private investors. - The price for more comprehensive real-time information for professional investors is being increased.
The changes will take effect from April 1st, 2003.
"We believe it is important to create conditions so that private as well as professional investors can obtain good market information. To enable more private investors to receive share-price information in real-time, Stockholmsborsen is reducing the price for the information our customers distribute to private investors," said Simon Nathanson, Executive Vice President, Stockholmsborsen.
In contrast to many other exchanges, Stockholmsborsen is continuing the highly appreciated services that:
- enable members to distribute share-price information with only a minute's delay to their custodian-account clients, who are private investors. This is done at the same low cost as when the service was introduced at the beginning of the 1990s. - enable information agencies and members to distribute share-price information based on a 15-minute delay to their clients at no cost.
Stockholmsborsen, like other stock exchanges, offers share-price information to information agencies (such as Reuters, Bloomberg, SIX and Ecovision), and its members (banks and stockbrokers). In turn, these offer the information to private and professional investors. In simplified terms, the price for the information is based on:
- If the information is distributed to a private or professional investor. - How comprehensive the information is. - If the information is real-time or with a delay. For further information: Maria Andark, VP Corporate Communications Tel +46 70 597 52 76
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www.waymaker.net/bitonline/2002/10/28/20021028BIT00640/wkr0001.doc www.waymaker.net/bitonline/2002/10/28/20021028BIT00640/wkr0002.pdf