CME gets aggressive with European pricing

London trading firms were non-committal last week on whether Chicago Mercantile Exchange's dramatic European fee cuts will tempt them to move some trading from Eurex and Liffe.

With Euex threatening to compete with CME in the US, CME is bringing in what it called an "aggressive pricing programme", slashing transaction fees for proprietary trading groups and trading arcades in Europe for any product traded on Globex by almost 70%.

Fees on CME's Globex benchmark...