CHICAGO (Commodity Online): CME Group, the world's largest and most diverse derivatives marketplace, announced that it is expanding its international electronic trading fee incentive programs to provide clients outside of North America with greater access to COMEX metals futures products.
The extension will apply from January 1, 2010, to participants in the International Incentive Program (IIP), the Asia Pacific Incentive Program (AIP), the South American Incentive Program (SAIP), the Latin American Commercial Incentive Program (LACIP), and the Latin American Fund Manager Incentive Program (FMIP). These programs will run through December 31, 2010.
The programs will provide traders at proprietary trading firms, arcades, banks, and fund managers outside of North America with fee incentives for electronically traded COMEX futures.
"The extension of the international programs to COMEX products further demonstrates the importance of these markets to CME Group's future strategy," said Rick Redding, CME Group Managing Director, Products and Services. "With the current high level of investor interest in metals such as gold and silver, expanding our international electronic fee incentives to COMEX futures products will enable more firms to access our global benchmark contracts in these key commodities at lower rates."
Customers who participate in the international incentive programs will be subject to minimum volume and application requirements
