LSE-backed interest rate market plans a clearing fee holiday until March 2017
The London Stock Exchange’s
CurveGlobal said it will charge fees significantly lower than
its main rivals when it goes live in ten days and its threshold
for block trades is a tenth of one of its main competitors.
The LSE, which is the largest shareholder
in Curve, said it will charge a lower combined trading and
clearing fee than ICE Futures Europe or Deutsche
Boerse’s Eurex for the main European interest rate
The British exchange said Curve will
charge €0.20 (£0.17) per contract to trade and clear
three month Euribor, £0.20 for three month Sterling
contracts and £0.17 for a long gilt.
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