CME slashes fees

From March 1, new clients in Asia will be able to trade electronically on the CME’s Globex platform at reduced rates as part of an 18-month long incentive programme targeted towards hedge funds and banks. Membership requirements will be waived for the 18-month period and fees reduced by more than 50% from $1.60 to $0.70 for e-FX futures and options contracts.

From April 19, speculative trading firms and trading arcades -- organisations that provide facilities for day-traders -- in North Ameri