FOi - Futures and Options Intelligence

Liffe extends Eonia liquidity provider schemeLiffe is set to extend the liquidity provider scheme for its Three Month Euro OverNight Index Average Swap Index contract for a further six months, TRADEfees reports. The scheme will run until January 31, 2011.The scheme entitles those registered to a rebate on trading fees on the contract for eligible trades. Net exchange transaction fees will equate to 10p per lot, per side.The OIS futures market is growing in prominence, following LCH.Clearnet’s recent announcement that it would switch from using Libor to the OIS rate to discount its $218tr interest rate swap portfolio.Liffe’s volumes are well down on last year, however. Last year 135,594 of its three month contracts changed hands. Volumes for the first half of 2010 were 42,154....