In an effort to boost Eurodollar trading on Globex, Chicago
Mercantile Exchange (CME) announced it will cut trading fees
and plans to set up a market making system during off hours.
Meanwhile, the exchange will offer a new options contract on
Eurodollars on 18 August.
CME will establish a market maker program for Eurodollar
futures traded on Globex during non-floor trading hours. The
electronic Eurodollar market maker program will be open to CME
members, lessees and those who trade proprietary accounts at
member firms. In order to participate in the market maker
program, individuals or firms will be required to post sizeable
bids and offers in designated Eurodollar futures contracts
during non-floor trading hours, or between 2pm and 7:20am
Central Time Monday through Thursday, and Sundays from
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