19 August 2017
Find out more

Eurex targets proprietary traders

18 July 2007  |  2214 views  |  0 Eurex

Swiss German derivatives exchange Eurex is looking to lure proprietary trading firms in emerging markets with a two-year fee waiver programme for volume traders.

The exchange says proprietary traders in countries where direct membership is not possible will be able to access its network using order routing functionality from companies already admitted by Eurex.

The two-year programme covers countries in Europe, Central and South America, Asia and Africa.

In Europe the countries involved are Croatia, Russia, Serbia and Turkey, while in Central and South America the programme will be available to traders in Argentina, Brazil, Chile, Colombia, Mexico, Peru and Venezuela. In Asia, the programme will cover China, India, Malaysia. Traders in New Zealand and South Africa will also be able to sign up.

Companies participating in the programme have the option of trading two million Eurex contracts per year and location without fees for a period of two years. If the trading volume exceeds the limit of two million contracts in the first year, participants will get a fee exemption for three million contracts in the second year.

Michael Peters, Eurex executive board member, says: "Eurex specifically developed this program with market participants in order to promote the training of Eurex traders in new markets as well as to tap additional market potential."

"At the same time we are raising our profile in areas with significant growth potential, while offering an attractive framework to generate additional liquidity," adds Peters.

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 appoints Heike Eckert head of US business

Eurex appoints Heike Eckert head of US business

10 January 2007  |  2863 views  |  0 comments
German exchanges restructure for algo trading

German exchanges restructure for algo trading

13 December 2006  |  11197 views  |  0 comments
Man Group to acquire 70% stake in Eurex US

Man Group to acquire 70% stake in Eurex US

27 July 2006  |  8036 views  |  0 comments

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.dorsum.eudownload the paper nowvisit www.worldpaymentsreport.com

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
8156 views comments | 22 tweets | 23 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
7460 views comments | 19 tweets | 23 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
6404 views comments | 10 tweets | 7 linkedin
hands typing furiouslyWhy Blockchain Might Not Be The Future For...
6155 views 1 | 5 tweets | 3 linkedin
Apple sidelined as Beijing transit system launches payments appApple sidelined as Beijing transit system...
6004 views comments | 11 tweets | 9 linkedin

Featured job

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

Find your next job