Liffe announces fees; CME enhances Globex
Both Euronext Liffe and Chicago Mercantile Exchange (CME)
last week announced further measures in their attempts to gain
or retain market share in Eurodollar contracts. Liffe also made
the final preparatory steps to its 18 March Eurodollar launch
by announcing fees and market makers for the contracts.
Liffe said that the recent profile boost it received
following Chicago Board of Trade's purchase of the Liffe
Connect electronic trading platform was key to the timing of
the move into Eurodollars.
Liffe's headline Eurodollar fee, including clearing charges,
will be 44 US cents per side, with a reduction to 28 or 18
cents for individuals and registered members respectively.
After an initial period of trading, the latter reductions are
likely to be replaced by volume discounts of the kind already
in place on other Liffe short term interest rate (STIR)
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