Euronext Liffe is introducing a broker incentive scheme in an attempt to jump-start activity in its FTSEurofirst contracts.
Futures and options on the Eurofirst 80 and 100 indices were launched in June and volumes have been steady but unimpressive, despite generous incentives for professional traders and market makers. By adding the broker scheme, the exchange is hoping to add breadth to the market and stimulate volumes.
From 1 September, brokers taking part in the scheme will be eligible for a discount on the annual rental charge for network access connections to the Liffe Connect trading platform. For the first two months of the scheme, the discount will be 25p per Eurofirst contract traded as customer...