Incentives considered to bolster flagging Eurodollar volumes
Euronext Liffe has announced a range of fee cuts, of 20-93%,
in an attempt to increase volumes in pack and bundle markets
for its Euribor and short sterling contracts. The fee
reductions will come into effect on 1 September and will not be
limited to a finite time span.
Amanda Sudworth, head of fixed income product development at
Liffe, told FO Week that there had not previously been
a significant market in electronically traded packs and
bundles, which are strip strategy trades allowing simultaneous
transaction in a series of consecutive quarterly delivery
months, removing the legging risk associated with executing
separate trades in each of the constituent delivery months.
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