Eurex US has tightened up the rules governing its market making programme, a move some market makers believe is an attempt to prevent abuses of the system. Some participants have been accused of making deliberately wide prices in order to gain the market making fee, worth up to $15,000 per month, without taking risk.
In a letter from ceo Satish Nandapurkar to Commodity Futures Trading Commission, Eurex US announced plans to...