MGEX, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), has announced enhanced exchange fee incentives for the new Apple Juice Concentrate (AJC) futures and options contract.
Effective September 1 through December 31, 2012 any MGEX member or liquidity provider permit (LPP) holder who executes AJC futures or options trades will receive the equivalent number of Hard Red Spring Wheat (HRSW) futures or options trades free during the same month. The HRSW trades will be rebated directly to the participant after each month when corresponding AJC trades are made. Please note that exchange fees for AJC trades are currently waived for members and reduced for LPP participants.
“The Exchange is pleased to be able to offer this program to our members and LPP participants and encourages members and LPP participants to look into trading the AJC contract,” stated Jesse Marie Bartz, MGEX Chief of Staff & Assistant Corporate Secretary. “MGEX believes there is significant value offered by the AJC futures and options contract and this additional fee incentive should assist in attracting additional participation,” said Bartz. More information on MGEX AJC futures and options can be found at www.mgex.com/ajc/.
For more information concerning the AJC fee schedule please contact MGEX. Information regarding MGEX membership and the LPP program are available on the MGEX website at www.mgex.com. MGEX also offers a program for market makers willing to provide consistent bids and offers. Please contact MGEX if interested in learning more about the market maker program.
AJC futures and options trades daily, Monday through Friday from 7:00 a.m. to 1:10 p.m. central time on the CME Globex® electronic trading platform.