Price transparency is an essential requirement for both better client services
and for the integration of the European capital markets. This subsite serves the
following objectives:
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to enable customers to understand the services they will be provided with,
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to enable customers to understand the prices they will have to pay for these
services,
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to facilitate the comparison of prices and services,
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to enable customers to reconcile ex-post billing of their business flow against
the published prices and the services provided.
The organizations represented by the Federation of European Securities Exchanges
(FESE), the European Association of Central Counterparty Clearing Houses (EACH) and the European Central Securities Depositories Association (ECSDA) agreed on a Code of Conduct with the objective of creating a more efficient European capital market.
The Code of conduct covers three areas with the following deadlines for implementation:
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price transparency: 31 December 2006
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access and interoperability: 30 June 2007
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service unbundling and accounting separation: 01 January 2008
Public Statement about compliance 2008
Independent assurance report 2008
Fees of the Budapest Stock Exchange
Clearing and Settlement fees applied by the official clearing and settlement
partner of the Budapest Stock Exchange can be found on the web site of
Fees paid by trading members:
Fees paid by issuers:
