The weeklyFiX digest: CME expands incentives
The CME is expanding its international incentive programmes, which also cover FX products. The programmes will include a simplified fee structure and run until December 31 2010.
The exchange has seen an increase in international participation over the past five years from 4% to 18% and it is keen to build on this. The expanded programme will allow proprietary firms and trading arcades located outside of North America to receive discounted fees for electronic trading of CME products. Incentives were previously limited to European proprietary firms and trading arcades.