The fee holiday will come into effect on 1st June and will cover the months of June, July, August and September. Swapnote®, which is supported by Garban Inter-capital, has traded successfully since its launch in March, consistently setting new records in all three contracts. Open interest now stands at 93,097 and the total volume since launch is 617,881 contracts (as at 30 May).
Karen Dixon, LIFFE's Marketing Director said, "We are extremely pleased with the way Swapnote® has taken off. The suite of products is achieving an average daily volume of well over 24,000 contracts, which is extraordinary for a two-month old contract. The fee holiday will keep it going from strength to strength."
