CME offers ferrous product fee waiver

Nov 27, 2012 | 11:51 AM | Michelle Madsen

Tags  CME, futures, swaps, iron ore, steel, scrap

LONDON — Derivatives exchange CME Group Inc. will temporarily waive fees for five ferrous derivatives contracts in a bid to attract further liquidity to the exchange.

The six-month fee waiver started Nov. 21 and will run until May 21, 2013, the Chicago-based exchange said.

Fees have been waived for the CME’s 62-percent Fe c.f.r. China iron ore futures and c.f.r. China average price options priced off the Steel Index (TSI), which is owned by Platts. Fees have also been waived for 62-percent Fe c.f.r. North China futures and c.f.r. China futures contracts priced off Platts’ iron ore index. ....

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