CME Group has unveiled a new Latin American fund manager
incentive programme (FMIP) that will discount trading fees for
funds in the region.
The US exchange said the scheme would incentivise the
electronic trading of all CME Group products, including legacy
Chicago Board of Trade and New York Mercantile Exchange
All fund managers based in Latin America with at least $100m
of assets under management could qualify for the scheme, which
runs until December 31, 2010.
Rick Redding, CME’s managing director of
products and services, said the new programme would complement
CME’s existing incentive scheme, as well as its
order routing relationship with the Brazilian exchange BM&F
The Latin American incentive programme was launched in June
to encourage the trading of CME’s agricultural
products. It is open to firms based in Latin America with a
primary business that includes growing, trading, processing or
merchandising agricultural commodities.
Qualifying firms will receive discounted rates for
electronic trading of CME and CBOT agricultural products.
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