In a bid to lure more proprietary trading volume, Chicago
Mercantile Exchange (CME) announced last Monday a programme
that will waive fees for new prop traders.
Under the plan which starts on 1 September, CME will waive
exchange and clearing fees for up to six months for new traders
learning to trade products on the Globex electronic platform.
CME said the savings could add up to as much as 44 cents per
side and will apply to all CME products. A spokesperson for CME
added that the new incentive plan is aimed at the proprietary
trading shops or at CME clearing member firms, both of which
train new traders on a number of different electronically
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