The Merc and ICE launched rival euro-cocoa contracts on May 30 last year
The Chicago Mercantile Exchange has said
the number of market makers supporting its euro-denominated
cocoa contract has doubled after the firm relaunched its
liquidity programmes on the contract, a year after the contract
"All of our existing programme members
re-joined the scheme and we have doubled the number of cocoa
market makers following the launch," Jeffry Kuijpers, executive
director of agricultural commodities at CME Group, told
The Merc relaunched its liquidity
programmes on April 1 to expand participation and boost
liquidity in the contact. "Under this scheme we want the
commitment from firms to quote outrights and spreads, and award
points for this which also count for quoting additional
outrights and spreads not specifically included in the
programme; by opening up the scheme we can make participation
more inclusive," added Kuijpers.
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