17 May 2007
APX - New Broker Fee Structure
APX is changing its Broker Fee Structure to enjoin brokers with specialist industry skills ahead of proposed listings.
Managing Director Martin Ryan said:
“We are working with three industry groups for listing on APX and each requires specialist research skills.
APX will seek three or four brokers who specialise in these industries to provide research and dealing services.
The new Broker Fee Structure will be on a per stock basis so that the Broker pays a fee related to the market cap/expected turnover of that individual stock. This fee will be small compared with the income that can be generated from being one of only, say, 3 Brokers”
APX expects the new listings from July.
For further information please contact:
Martin Ryan
Managing Director
Australia Pacific Exchange
Ph: 03 8601 2024
Mobile: 0410 545 755