17 August 2017
Find out more

Eurex US to reinstate fees

03 December 2004  |  3787 views  |  0 Eurex logo

Eurex US is reinstating transaction fees for US treasury futures and options traded on its Chicago-based exchange after dropping them in July in an effort to boost volumes.

In July, Eurex US introduced a fee holiday for US treasury futures for all market participants until the end of the year. The move was in response to fee cuts implemented by rival futures exchange Chicago Board of Trade (CBOT).

Eurex US says it will set transaction fees for US treasury futures and options at five cents per side from 1 January 2005. Prior to the fee waiver in July Eurex US fees were set at between 10 and 25 cents.

All trades executed in the order book are eligible for the five cent per side fee. Over-the-counter (OTC) trades will be subject to a surcharge of 45 cents per side.

Satish Nandapurkar, CEO of Eurex US, says: "After consulting with our customers, we have restructured our fee model to best reflect their request for simple, straightforward pricing."

Volume on the Eurex US exchange reached a record 1.15 million contracts in November, compared with 59 million contracts for all products at the CBOT.

The Frankfurt-based exchange recently received regulatory approval to roll out phase one of its transatlantic clearing link which will enable US traders dealing on Eurex Deutschland to clear transactions through Chicago-based Clearing Corporation. Phase two of the project - which is still pending approval - will enable Eurex Clearing members to clear USD and EUR benchmark products traded at Eurex US, and use one common collateral pool to portfolio-margin European and US products.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Eurex bids to revive interest in flagging US market

Eurex bids to revive interest in flagging US market

23 June 2004  |  5025 views  |  0 comments
FSA approval boosts Eurex US prospects

FSA approval boosts Eurex US prospects

21 May 2004  |  7795 views  |  0 comments
Eurex considering lawsuit over Cbot fees - FT

Eurex considering lawsuit over Cbot fees - FT

16 April 2004  |  5156 views  |  0 comments
Europeans get green light for trading on Eurex US

Europeans get green light for trading on Eurex US

27 February 2004  |  3618 views  |  0 comments
Eurex US gets off to a strong start

Eurex US gets off to a strong start

10 February 2004  |  9040 views  |  0 comments
Eurex US gets green-light for 8 February start date

Eurex US gets green-light for 8 February start date

05 February 2004  |  7230 views  |  0 comments
CME's Satish Nandapurkar appointed CEO of Eurex US

CME's Satish Nandapurkar appointed CEO of Eurex US

22 January 2004  |  6480 views  |  0 comments
FIA backs Eurex US launch

FIA backs Eurex US launch

20 October 2003  |  6963 views  |  0 comments
Eurex files lawsuit against CME, CBOT

Eurex files lawsuit against CME, CBOT

15 October 2003  |  5577 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
download the paper nowvisit www.worldpaymentsreport.comvisit www.dorsum.eu

Top topics

Most viewed Most shared
Coinbase raises $100mCoinbase raises $100m
10315 views comments | 14 tweets | 14 linkedin
DBS Bank launches online car selling marketplaceDBS Bank launches online car selling marke...
9687 views comments | 13 tweets | 11 linkedin
China preps central clearing house for mobile payments providersChina preps central clearing house for mob...
9561 views comments | 8 tweets | 15 linkedin
HSBC automates documentary trade processing with IBMHSBC automates documentary trade processin...
8516 views comments | 6 tweets | 21 linkedin
Monzo appoints Curve co-founder Foster-Carter COOMonzo appoints Curve co-founder Foster-Car...
7994 views comments | 1 tweets | 2 linkedin

Featured job

£100-120K Basic dependent on experience plus subst...
London

Find your next job