The international derivatives exchange Eurex has been offering new trading participants a special incentive program for direct market access since the beginning of the year. The initiative exempts all new participants admitted in 2007 from both the minimum transaction fee and transaction fees of up to â¬3,000 (US$ 3,900.46) per month for the first year. New trading participants will also be offered training programs on a free-of-charge basis, up to a certain amount.
In order to attract trading participants from new markets, Eurex will also establish a new telecommunication hub (Access Point) in Dubai, in order to offer a direct high-performance connection to the exchange.
Michael Peters, Member of the Eurex Executive Board, said, "Eurex's new incentive program will allow us to make direct market access substantially more attractive for all prospective new trading participants." Eurex trading participants are already exempt from membership fees. "The current incentive program will mean that participants are also exempt from transaction fees up to a maximum of â¬36,000 (US$ 46,805.52) for the first year of membership. This means that Eurex is the most cost-effective provider for direct trading in derivatives products."
At the same time, with the new Access Point in Dubai Eurex recognizes the strong interest from trading participants in the region. Eurex sees strong potential for new members in Dubai. Dubai is an interesting emerging financial centre, attracting increasing amounts of capital being managed by major banks, fund managers and hedge funds. With a new Access Point, Eurex is in an excellent position to benefit from increased interest from the Middle East region.