CME cuts again for forex

The reduced trading charges are applicable only for trades on the Globex electronic platform, and come as the CME seeks to direct more volume towards platform trading in response to increased competition from all-electronic Eurex US and Euronext.Liffe.

The price reductions that will be applicable from May 3 will cover CME equity members, non-member automated market makers and fund managers.

CME said the reductions for equity members are to encourage them to expand proprietary volumes -- the mo