Euronext Liffe is introducing a broker incentive scheme in
an attempt to jump-start activity in its FTSEurofirst
Futures and options on the Eurofirst 80 and 100 indices were
launched in June and volumes have been steady but unimpressive,
despite generous incentives for professional traders and market
makers. By adding the broker scheme, the exchange is hoping to
add breadth to the market and stimulate volumes.
From 1 September, brokers taking part in the scheme will be
eligible for a discount on the annual rental charge for network
access connections to the Liffe Connect trading platform. For
the first two months of the scheme, the discount will be 25p
per Eurofirst contract traded as customer business. This will
fall to 15p in November and 10p in December.
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