Eurex US officials are considering how to kick-start the
exchange, following disappointing early volumes. A source close
to the exchange suggested that it had suffered a false start,
with several potentially large-scale liquidity providers not
ready to trade from day one. Volumes on the new exchange
declined further last week, for the first time sinking below
5,000 contracts traded on Monday, and remaining below that mark
on Tuesday and Wednesday.
A key element in sparking increased volume, the source said,
would be the participation of the seven former BrokerTec
Futures Exchange partners. Those firms committed to
pre-paying a combined $18m towards exchange fees over 36 months
as part of Eurex's acquisition of the now defunct exchange (see
FO Week vol 9 no 3).
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