The Depository Trust & Clearing Corporation’s (DTCC) European unit EuroCCP is planning to reduce fees for its biggest customers next month, Bloomberg reports. As per the new tariff structure, traders will be required to pay only for the first 230,000 sides of each transaction that are cleared in a day.
The move restricts daily fees at $6,200. London-based EuroCCP is reducing prices to coincide with the beginning of a new Bats Europe service as it seeks to attract the company’s clients.
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