CME Group cuts fees for non-US metals traders

Dec 16, 2009 | 12:28 PM | Anne Riley

CME Group Inc. will soon let some international non-members trade metals future products at a discounted fee rate in an effort to draw more foreign clients into the exchange's membership ranks.

Beginning Jan. 1, CME Group will expand its International Incentive Program (IIP)—a reduced-fee program that allows foreign clients to trade at near-member rates—to include metals products. Metals futures products were originally omitted from the list of qualified products when the IIP was implemented in February 2009.....

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