CME Group, the world's largest and most diverse derivatives marketplace, today announced a new Latin American Fund Manager Incentive Program (FMIP) that will enable registered Latin American-based funds to receive discounted trading fees for electronic trading of CME, CBOT and NYMEX products, scheduled to begin October 1.
Approved fund accounts of fund managers based in Latin America with at least $100 million in assets under management can qualify to receive favorable trading fees for futures on benchmark equity indexes, interest rates, foreign currencies, energy and agricultural commodity products.
"This fund manager program follows the recent successful launches of our South American and Latin American Commercial Incentive Programs that make our order routing agreement with BM&FBOVESPA even more attractive to accomplish their risk management objectives," said Rick Redding, CME Group Managing Director of Products and Services. "In addition to these new attractive fee plans, we continue to provide our Latin American-based customers transparent and liquid markets for hundreds of global benchmark products, including futures and options on Eurodollars, US Treasury's, the E-mini® S&P 500®, crude oil and wheat."
The Fund Manager Incentive fee program, which will be offered to firms in 22 countries, runs through December 31, 2010.
