Chicago Board of Trade (CBoT) unveiled a new fee structure
for fixed income products that is aimed at making the exchange
more competitive with Eurex next year.
The exchange is also trying to use the new pricing model to
lure in new members who previously have been prohibited from
becoming exchange members.
Exchange officials outlined a simpler fee structure that
reduces fees for all market participants last Tuesday, saying
it would result in a $60m saving for users. One FCM executive
said the new fee structure was welcome news.
"It's amazing what competition will do," the executive said.
"The Board of Trade is doing what it needs to but I still
believe they will have to find ways to bring expenses down
significantly to make up for this revenue shortfall."
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