CME Group, the world's largest and most diverse derivatives marketplace, today announced that it is expanding its Emerging Markets Incentive Program (EMIP) to provide clients in emerging markets with greater access to NYMEX products. The program will apply from 1 January, 2010 and run through December 31, 2010.
The EMIP will provide new traders at proprietary trading firms and trading arcades in emerging markets with the same fee incentives for electronically-traded NYMEX products as have applied to CME and CBOT products since February 2009. It will also continue to encourage the development of new traders at proprietary firms operating in countries currently not actively involved in global futures markets.
"The extension of the EMIP to NYMEX products reflects our continuing commitment to creating opportunities for traders in emerging economies. We want to enable more firms from these significant markets to access the full range of CME Group's risk management products, many for the first time," said Rick Redding, CME Group Managing Director, Products and Services. "Our objective of building liquidity around the clock, around the world for the benefit of all global customers will gain further momentum with this expanded program."
Customers who participate in the EMIP will be subject to minimum volume and application requirements. Additional detail about CME Group incentive programs can be found on the CME Group Web site at www.cmegroup.com/incentives.