Chicago Board of Trade (CBoT) announced another round of
major fee reductions last Tuesday, the second time in three
months it has slashed fees. The exchange also introduced two
new equity index contracts and confirmed plans to launch its
own bund, bobl and schatz futures during the next two months,
pending regulatory approval (see FO Week Vol 8 No
CBoT president and ceo Bernie Dan told reporters that the
fee cuts and new contracts are part of a multi-faceted strategy
aimed at growing the exchange's volume, expanding its user base
and fending off competition, primarily from Eurex US.
Under the new fee structure, which began on 1 February, CBoT
will lower fees on all electronic trades on US Treasury futures
and options, with those fees being waived entirely for members.
The fee schedule will remain in place for the next six months,
and then will be reviewed by the CBoT's board of directors
regarding an extension.
This article is available exclusively to subscribers
Please log in to continue reading.
Not yet a subscriber?
Click here to take a free trial.
Already have an account? |
Please fill in your details below and a customer service representative will contact you.