The international derivatives exchange Eurex will continue to expand its international distribution network in 2008.
As of 1 January 2008, an incentive program will be initiated for new traders from central and south-eastern European countries (CEE states), and the Global Connectivity Initiative, which was launched at the beginning of 2007, will be extended for another year.
The new incentive program for CEE states is aimed at Eurex participants that want to expand their trading activities in Eurex products to cover Bulgaria, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, Slovakia, and Slovenia.
Traders in these countries can trade in up to 500,000 contracts per location in a twelve-month period without incurring any transaction fees, provided that they are performing proprietary trading via order routing systems and are not yet admitted to trading on Eurex.
However, transactions executed via fully automated trading systems are not covered by the fee exemption.
At the same time, Eurex will be continuing with its Global Connectivity Initiative in 2008. This means that all new participants admitted in 2008 will be exempted from both the minimum transaction fee and transaction fees of up to 3, 000 per month for the first year.
New trading participants will also be offered Eurex related training programs on a free-of-charge basis, when they commence their trading activities.