Under the terms of the incentive program which is scheduled through December 31, all clearing and surcharge fees will be waived and any participant who initiates a bid or offer on the contracts that is accepted will receive $1.00 per contract. The four crude oil contracts are based on the differential between the Exchange light, sweet crude oil futures contract and Mars, Light Louisiana Sweet, West Texas Sour, and West Texas Intermediate, in Midland. These contracts were introduced on February 27.
Exchange President J. Robert Collins, Jr., said, "We are pleased to continue to introduce innovative programs to reward those who demonstrate their support for our new products."
