The Malta Stock Exchange (MSE) has announced the removal of a fee it charges on every equity transaction, in an attempt to boost trade volumes.

Equity trades on the MSE will no longer be subject to the €4.50 fee, which consists of a €2.50 trading fee and a €2 clearing and settlement charge, as from 15th July.

The move was first announced in an event organised by the MSE in June.

During the event, it outlined a set of six initiatives with the aim of improving market liquidity and the investor experience.

The first such initiative is the one-year elimination of a €4.50 transaction fee on all equity trades.

This reduction in trading costs is aimed at making trading on the exchange more attractive for investors.