Euronext.liffe, the derivatives arm of pan-European exchange Euronext, has slashed its fees for equity options by 25% in a bid to attract business from the over-the-counter derivatives market.

The reductions will apply to all equity options traded in Amsterdam, Brussels, Paris and London and will take effect from November 1. The exchange said it hopes the fee reductions will attract new business from the over-the-counter market, which currently accounts for about 70% of all equity options trading.