adopt the exchange as a secondary listing through a new pricing structure.

Until now the Exchange has charged a flat initial fee of $2,000 for between one and three funds, and an annual fee of $2,000 for the same number.

Under the new scheme, funds which have another exchange as their primary listing will receive a 50 percent discount.

And larger fund companies which list their funds on the Exchange will also enjoy further benefits, said Exchange operations manager Mr. Greg Wojciechowski.

Companies which list between three and 15 funds will be charged a flat rate of $5,000, listings of 16 to 25 will be charged $10,000 and companies with more than 25 funds will be charged $400 per class of funds.

The rates apply to both the initial fee and the annual maintenance fee.

"These new fees represent a considerable bulk discount for multiclass funds and make the BSX the most competitive listing exchange for such products,'' said exchange CEO Mr. William Woods.

"In addition, we have received a surprising level of interest in obtaining secondary listings for funds, providing that the fees could be reduced.

"We have met this demand by applying a 50 percent discount to the initial listing fee for a secondary listing,'' he said.