ELX Futures Drops Trading Minimum on Eurodollar Trading, Clearing Fees

30 Jul 2010 email

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Source: Bloomberg.com

ELX Futures LP , the derivatives exchange competing with CME Group Inc. for fixed-income futures business, will charge all its users 18 cents for Eurodollar trading and clearing fees beginning Aug. 1. The New York-based exchange will eliminate minimum daily trading requirements to be eligible for the lower fee, the company said today in an e-mailed statement.

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“Just look at KRX’s volumes. A few thousand trades a day on Eurex is just scratching the surface. There’s manifold potential here.”

Market patrticipants have high hopes for Eurex's Kospi contracts.