18 October 2017
visit www.response.ncr.com

Eurex targets proprietary traders

18 July 2007  |  2237 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  |  2886 views  |  0 comments
German exchanges restructure for algo trading

German exchanges restructure for algo trading

13 December 2006  |  11239 views  |  0 comments
Man Group to acquire 70% stake in Eurex US

Man Group to acquire 70% stake in Eurex US

27 July 2006  |  8092 views  |  0 comments

Related company news


Related blogs

Create a blog about this story (membership required)
Register now visit www.innotribe.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15183 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8384 views comments | 15 tweets | 21 linkedin
hands typing furiouslyHow artificial intelligence can deliver a...
7897 views 0 | 7 tweets | 9 linkedin
satelliteGates Foundation backs Ripple collaboratio...
7334 views comments | 13 tweets | 8 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
6470 views comments | 8 tweets | 16 linkedin

Featured job

to £70K base, £105K ote, benefits
London, UK

Find your next job