LCH.Clearnet is to further reduce clearing fees for contracts executed on ICE Futures and on the ICE OTC trading platform.
As of 1 January 2008, clearing fees in respect of trades executed on ICE Futures will be reduced by an average of 40 percent, and clearing fees in respect of trades executed on the ICE OTC trading platform will be reduced by an average of 30 percent.
“LCH.Clearnet is committed to offering the lowest possible clearing fees to our members whilst maintaining high quality clearing services: given their continuing increase in activity, we intend to announce further significant clearing fee cuts on ICE markets by the end of this year,” says Roger Liddell, group chief executive at LCH.Clearnet.