Euronext Liffe and Chicago Mercantile Exchange (CME) both
announced additional incentives aimed at increasing
non-domestic Eurodollar volumes.
Liffe upped the ante in its bid to build up its fledgling
Eurodollar contract by saying it will introduce free trading on
short sterling contracts for US proprietary traders.
Exchange fees will be waived for qualifying traders on all
Eurodollar futures from 1 December this year until the end of
2005. The scheme also provides for 100% fee rebates on up to
10,000 Euribor, Short Sterling and Euroswiss futures. Clearing
fees still apply.
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