Chi-X Europe has slashed its fees for the most widely traded Spanish stocks to increase its market share in the country, Financial News reports. The London-based platform will introduce a three-month price promotion in six blue-chip Spanish stocks from October 1. Clearing and settlement fees on the orders in Santander, BBVA, Iberdrola, Inditex, Repsol and Telefónica stocks will be cancelled once clients have traded €200 million in those stocks in a single month. Through the move, rebate for posting passive orders will increase from 0.2 basis points to 0.3 basis points and the charge for aggressive orders will remain at 0.3 basis points.
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