CME cuts European fees

The CME said that it will also establish six new telecommunications hubs in European financial centres to reduce the transatlantic communications charges Globex users incur.

Craig Donohue, who becomes chief executive officer of CME on January 1 2004, said the e-FX contracts are growing fast on Globex, with 46% of FX trading completed through the platform in Q3. "This new low-fee structure will pave the way for further European initiatives," he said.

Transaction fees for Eurodollar futures and

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