FESE - Code of Conduct for C&S - Price Transparency

Wednesday Sep 08, 2010 Last Update: Wednesday Sep 08, 2010

August 2010 FESE Monthly Statistics Stock Exchange price index movements Stock Exchange total return index movements Stock Exchange traded index movements Market Capitalisation Listed Companies and Investment Flows Equity Turnover - Domestic Equity Turnover - Foreign Equity Turnover - Total YTD Top 5 most traded shares New Markets Covered Warrants ETFs UCITs Bond turnover - Domestic Public Sector Bond turnover - Domestic Non-Public Sector Bond turnover - International Bond turnover - Total Bond turnover YTD - Total Listed bonds Exchange rates Stock/Index Options and Futures Turnover Stock/Index Options and Futures YTD Turnover Bond Options and Futures Turnover Bond Options and Futures YTD Turnover

Price Transparency

The Organisations signing the Code of Conduct believe that price transparency is an essential requirement for the integration of European capital markets and welcome measures in this direction. The implementation of price transparency should be in place by 31 December 2006.

In order to further support ongoing individual efforts to increase pricing transparency, the Organisations agree on the following objectives:

to enable customers to understand the services they will be provided with, and to understand the prices they will have to pay for these services, including discount schemes.

to facilitate the comparison of prices and services, and to enable customers to reconcile ex-post billing of their business flow against the published prices and the services provided.

In compliance with these objectives FESE Members have:

FESE Members have their fees structures published on their websites: Click name to access	General Implementation Report 2008 Price Transparency Click name to download
Athens Exchange	Athens Exchange
Bolsas y Mercados Españoles (BME)	Bolsas y Mercados Españoles (BME)
Borsa Italiana	Borsa Italiana (will be available in August)
Bratislava Stock Exchange	Bratislava Stock Exchange
Budapest Stock Exchange	Budapest Stock Exchange
Cyprus Stock Exchange	Cyprus Stock Exchange
Deutsche Börse AG	Deutsche Börse AG
NYSE Euronext	NYSE Euronext
Irish Stock Exchange	Irish Stock Exchange
Ljubljana Stock Exchange	Ljubljana Stock Exchange
London Stock Exchange	London Stock Exchange
Luxembourg Stock Exchange	Luxembourg Stock Exchange
Malta Stock Exchange	Malta Stock Exchange
OMX (Nordic Exchange, Baltic Exchange, First North)	OMX
Oslo Stock Exchange	Oslo Stock Exchange
Prague Stock Exchange	Prague Stock Exchange
SIX Swiss Exchange	SIX Swiss Exchange
Warsaw Stock Exchange	Warsaw Stock Exchange
Wiener Börse AG	Wiener Börse AG
	If you would like to view the reports linked to 2007 please click here

Also available to download
REPORT ON THE IMPLEMENTATION OF PRICE TRANSPARENCY MEASURES PROGRESS TOWARDS THE COMPLETION OF PRICE TRANSPARENCY MEASURES -This first report focuses on the implementation of Price Transparency measures and was drafted in advance of the first meeting of the Monitoring Committee set upby the European Commission. It shows the progress relating to the implementation of the code by FESE Member Exchanges.


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