I don't have the press release, but I talked to the Eurex reps at the Expo in Vegas this past November. My understand was that it would be free for market makers to trade on Eurex, but their requirements for market makers were that they had to maintain a two sided market with minimum size of 25 contracts on each side, and a two tick spread. This had to be maintained some percentage of the normal trading hours (75% or so, as I recall). Doing this qualifies you as a market maker and free commissions for the first year, and reduced rates the second (and possibly third) year. -Eric
http://www.eurexchange.com/download/xpand/e_xpand_200464.pdf Read page three. It's a 100% rebate the first year and 80% the 2nd year for MM. .25 cents per side for retail customers. Bsulli
Thanks Ericp and Bsulli. Wow, .25 cents per side!!!!???? :eek: I seriously need to take a look at these markets. nitro
When you look you will see that Eurex hasn't even come close to Taking Chicago by storm! Liquidity is a long long ways from being a threat to any other exchange. Friday's volume. http://www.eurexus.com/market_trading/delquotes/entrance.html I hope as much as anyone that they really make a difference. Bsulli
I have access to Eurex US, and let me tell you, it is terrible right now....it follows the US contracts, but hardly trades..maybe a few thousand per session, i've actually completely stopped looking at it. Esignal, Trading Tech, & CQG are offering the exchange at no cost, but at this point it simply is not worth the time. Also, i'm not sure how many of you actually trade Eurex products, but beginning in either June or July, you will need to have a "User ID" to access the market. Meaning, you have to take the Eurex exam to become an "approved trader" (in eurex's words). Anyone can pass it, it'll just take abit of money and alot of time....i compare it to the Seris 3 test for futures.