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CME to cut its trading costs

first_img CME GROUP yesterday said it would slash costs for some futures traders, in a bid to attract clients before rival NYSE Euronext unveils a similar move.CME, led by Craig Donohue, said it will offer margin discounts to traders of Treasury securities and Treasury futures under a new clearing membership class, set to begin by the end of the current quarter.“It would seem that CME has added another feature to its market that will make it even more difficult for a competing fixed-income derivatives clearing house to crack into CME’s safe,” BMO Capital Markets analyst Michael Vinciquerra told investors in a note yesterday. “It’s likely that the new programme will be very attractive to a meaningful portion of CME’s customer base.”Meanwhile, NYSE Euronext hopes to launch NYSE Liffe US, a rate futures market, this month alongside its partly owned New York Portfolio Clearing clearinghouse for the products. NYSE earlier this month agreed to a takeover by Germany’s Deutsche Boerse, a combination that would dominate European futures trading and squarely take on CME on the world stage. Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayUndoSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndoHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical GeniusUndo whatsapp KCS-content Show Comments ▼ More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 CME to cut its trading costs center_img Share whatsapp Monday 28 February 2011 9:27 pm Tags: NULL last_img read more

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