NEW YORK (AP) -- Exchange operator Nasdaq Stock Market Inc. said Thursday it lowered transaction prices for its most active customers, effective immediately.
Nasdaq does not expect the decrease in prices to affect financial results and backed 2007 earnings guidance of $180 million to $190 million, which incorporates the recent price adjustment.
Brian Hyndman, senior vice president of transaction services, said the new pricing reduces fees by a penny to 26 cents per 100 shares for high-volume institutional customers.
"We felt like it was time to get on the offensive with transaction pricing," Hyndman said.
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http://biz.yahoo.com/ap/070301/nasdaq_stock_market_pricing.html?.v=1
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