Pan-European exchange Euronext says it is considering cutting trading fees by 10-15% as savings in IT-related costs are realised after its proposed merger with the New York Stock Exchange.
Euronext says the $10 billion takeover proposal by Nyse would generate cost and revenue synergies of $375 million of which $250 million will result from rationalising the combined group's IT's platforms.
The Exchange says these synergies should kick in over the first two or three years following the merger. As a result, Euronext says it is considering the "progressive reduction" of trading fees on its equity markets by between 10 and 15% during that timeframe.
Shareholders are to vote on the Nyse offer next month.