CME Group has started offering interest rate derivatives traders effective savings of over 50 percent on Euribor required margin payments, Financial News reports. Euribor futures are CME’s rival exchange NYSE Liffe’s most traded contracts and key revenue generator.
The offer applies to traders buying Euribor contracts along with CME’s interest rate derivatives, Eurodollar futures and US Treasury bond futures. The world’s biggest futures exchange is aiming to break into the expanding Euribor futures market with this move.
Click here for the story from Financial News.