The US/European exchange fee-cutting war, sparked by Eurex's
entry in the US and Euronext-Liffe's new Eurodollar futures
contract, has spread to Asia.
Chicago Mercantile Exchange (CME) will next month launch an
18-month fee incentive program for Asian based hedge funds and
banks using Globex.
Transaction and clearing fees for Eurodollar futures and
options will be cut to 44 cents per side for Globex and 49
cents for CME's pits. E-mini equity index and currency
contracts on Globex will also see reduced fees.
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