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CME Group lures big Latin American funds with promise of cheaper fees


CME Group has unveiled a new Latin American fund manager incentive programme (FMIP) that will enable registered Latin American-based funds to receive discounted trading fees.

The US exchange said the scheme would go live on October 1, incentivising the electronic trading of all CME Group products, including legacy Chicago Board of Trade and New York Mercantile Exchange products.

CME Group said all fund managers based in Latin America with at least $100m...

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