The battle for market share in European cash equities trading ratcheted up on Thursday when NYSE Euronext unveiled trading fee cuts of up to 30 per cent in an effort to attract high-frequency traders.

NYSE Euronext said the new fee structure, known as “Pack Epsilon”, would come into force from July 1 for all stocks listed on Euronext’s Amsterdam, Brussels, Lisbon and Paris constituent bourses “to address the growing demand of high-frequency trading”.