As banks have always worked out their bro bill on a per dollar basis, the move seems to make sense and is unlikely to face much resistance. Icap says that the new system will remove the complicated credit system it has in place currently and that it will reward high-volume users with its clear volume discount scheme. Banks can aggregate their global volumes to qualify for discounts.
The new tariff sticks with EBS’ passive/aggressive structure – this means that price makers pay 50% less than price takers.
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