Eurex to Extend its Successful Trader Development Program
Promotion of trading originating in Central and Eastern European countries
The leading international derivatives exchange Eurex will continue to expand its international distribution network in 2009. The exchange extends its successful “Trader Development Program” for Central and Eastern European (CEE) countries. The extension of the program is designed to further support trading development in this region. Additionally, the product scope is widened to include Eurex/EEX cooperation products, i.e. futures and options on emission rights.
The development program is aimed at traders who have not been active on Eurex before and want to expand their proprietary trading activities in Eurex products. Under the extended scheme, traders in the eligible CEE countries can trade up to 500,000 contracts per location (a maximum of five locations per member) in a twelve-month period without incurring any trading and clearing fees. If they are successful in achieving this threshold in the first twelve months, another 1,500,000 traded contracts are free of charge in year two. Preconditions are that they are performing proprietary trading via order routing systems and are not yet admitted to trading on Eurex. Applications for the program will be accepted until 31 December 2009 to use the benefits until end of 2011.
The original Trader Development Program was introduced in July 2007. It intended to support the development of new traders in emerging markets as well as to support customers looking to expand their geographic reach. The program supports this with fee waivers as well as education and training.
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