Opinion amongst Europe's derivatives community indicated
that the varied fee scale proposed for Eurex US (see FO
Week Vol 9 No 37) would not be welcome in Europe. The
potential changes to be made at Eurex's US venture have also
thrown open debate as to what will happen when the planned
clearing link between Eurex and The Clearing Corporation is up
and running, at which point contracts will be fungible on both
sides of the Atlantic.
A senior executive at one Eurex member firm in London stated
he believes that Eurex US is only considering the sliding fee
scale because it has been forced to offer something to traders
at the end of the current fee waiver, in order to prevent
business drifting away from the exchange.
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