Euronext.liffe, the international derivatives business of Euronext, will offer a six month fee holiday on Raw Sugar futures and options which will be launched on Tuesday 20 February. LCH.Clearnet will also offer a similar six month holiday on its clearing fees for both contracts.
From the launch margin offsets of 70% will be made available on the inter-contract spread positions involving either a short Raw Sugar Futures Contract lot and a long White Sugar Futures Contract lot, or a long Raw Sugar Futures Contract lot and a short White Sugar Futures Contract lot.
Ian Dudden, Director of Commodity Products at Euronext.liffe, commented: “We are delighted to be able offer a six month fee holiday in support of the launch of Raw Sugar on LIFFE CONNECT® which, in conjunction with the margin offsets of 70%, provides market users with substantial cost efficiencies.”
