CHICAGO, June 28 (UPI) -- The Chicago Mercantile Exchange announced plans Monday to offer an incentive program Sept. 1 for new electronic-market participants.
The program will waive transaction fees for up to six months for new traders learning to trade products on CME's Globex electronic trading platform.
The incentive program will be available to traders enrolled in training programs of CME clearing member firms or other firms participating in various CME business development programs.
The fee waivers will apply to all CME contracts and the program is subject to certain volume limits.
To qualify, eligible participants must be employed by and trading for the proprietary accounts of CME clearing member firms or other qualifying CME market participants.
Eligible applicants must not have previously participated in any derivatives training program and must be undergoing their initial training in CME products.
Trading for customer accounts will not be permitted under the program.
