CME Europe Incentive Programmes

FX Incentive Programmes

We have created five incentive programmes for our FX products. A limited number of places are available.

1. Clearing Member Incentive Programme – Customer Aggregation

Remaining Places: Yes

Eligible Membership

Clearing Members Only

Description

CME Europe is willing to encourage Customer business with Clearing Members, and to offset set-up costs for such clearing firms; The Exchange will offer a price scale for aggregated Customer (Non-Member) business introduced by the Clearing Member.

This Clearing Member Customers Programme is limited to five Clearing Members.

Applicable Account Type

Clearing Members: Client Accounts allocated to Customers

Download Programme Details 

2. Clearing Member Incentive Programme - 10% Discount

Remaining Places: 0

Eligible Membership

Clearing Members Only

Description

CME Europe Limited is willing to encourage Non Clearing Member business with Clearing Members, and to offset set-up costs for such clearing firms; The Exchange will offer a discount on such Non-Clearing Member business introduced by the Clearing Member.

For the three Clearing Member participants, the Exchange will offer a 10% discount for a period of twelve months on Non-Clearing Member business traded through that Clearing Member.

Applicable Account Type

Clearing Members: Client Accounts allocated to Non Clearing Members

Download Programme Details 

3. FX Market Making Programme

Remaining Places: 0

Eligible Companies

Up to 5 companies applying and qualifying for the Programme as described below in the selection process.

Description

The FX Market Maker Programme is designed to facilitate continuous development of liquidity in CME Europe's key FX Futures contracts. It was launched on 1 October 2015 for 12 months, and extended on 1 October 2016 for a further 6 months.

Applicable Account Type
Clearing Members: House Account and Client Account
Non-Clearing Members: House Account and Client Account

Download Programme Details

4. FX Liquidity Creation Programme

Remaining Places: Unlimited

Eligible Companies
Up to five companies applying

Description
CME Europe Limited (CMEEL) has a six (6) month incentive programme to grow liquidity across its FX futures products (the Programme).

The Liquidity Creation Programme was introduced on 1st June 2016 and then renewed from 1st December 2016.

Applicable Account Type
Clearing Members: House Account and Client Account
Non-Clearing Members: House Account and Client Accounts

Download Programme Details

Energy Incentive Programmes

We are pleased to offer several incentive programmes for our power, natural gas and emissions products.

1. Power and Natural Gas Trading Volume Incentive Programme

Eligible Membership
The Power and Natural Gas Trading Volume Incentive Programme is open to all Members and their Customers that trade Power and/or Natural Gas (including Members and Customers already participants of the existing Natural Gas Trading Volume Incentive Programme).

Description
CME Europe offers a twelve (12) month trading volume incentive programme (through fee rebates) for Power and Natural Gas Futures contracts. The programme commenced on 1 June 2015 and was extended for a further twelve (12) months from 1 June 2016.

Applicable Account Type
Clearing Members: House and Client Accounts
Non-Clearing Members: House and Client Accounts

Download Programme Agreement

2. Power and Natural Gas Broker Rebate Programme

Eligible Membership
The Power and Natural Gas Broker Rebate Programme is open to any brokers (including to brokers already participants of the existing Natural Gas Rebate Scheme) that submit trades for clearing in Power and/or Natural Gas products on behalf of third party clients.

Description
CME Europe is offering a twelve (12) month rebate payment incentive programme for Power and Natural Gas Futures Contracts. The programme commenced on 1 June 2015 and was extended for a further twelve (12) months from 1 June 2016.

Applicable Account Type
Clearing Members: House Accounts and Client Accounts
Non-Clearing Members: House and Client Accounts

Download Programme Agreement

3. Power and Natural Gas Initiator Rebate Programme

Eligible Membership
The Power and Natural Gas Trading Initiator Programme is open to all Members and their Customers that trade Power and/or Natural Gas.

Description

CME Europe is offering a programme in order to incentivise a level of pre-trade transparency and encourage a movement towards a screen based trading environment.

The programme was renewed in June 2016 and will run to 31st May 2017.

Download Programme Details

4. CME Europe Emissions Futures Fee Waiver

Eligible Membership
The fee waiver is open to all Members and their Customers that trade European Emissions contracts.

Description
The fee waiver was renewed in June 2016 and will run to 31st December 2016

5. German Baseload Power Market Making Programme

Remaining Places: Yes

Eligible Membership
The German Baseload Power MM Programme is open to all Members and their Customers that trade Power.

Description
CME Europe is offering a programme in order to ensure development of liquidity in the German Baseload Power Futures. The programme was renewed in June 2016 and will run to 31st December 2016. 

Download Programme Details

6. Weekly Power Futures Fee Waiver Programme

Description
CME Europe is offering a five (5) month trading and clearing fee waiver, until 31st March 2017, on all trades in Weekly Power Futures.

Cocoa Incentive Programmes

We offer seven incentive programmes for our Cocoa products

1. Cocoa (Deliverable) Futures "Front Month" Market Making Programme

Eligible Membership
Members and their Customers.

Description
CME Europe is renewing the one year programme to continue development of liquidity in the Cocoa Futures contract.

Up to five companies will be selected into the Market Making Programme.

Applicable Account Type
Clearing Members: House Account and Client Account
Non-Clearing Members: House Account and Client Account

Download Programme Details

2. Cocoa (Deliverable) Futures "Back Month" Calendar Spread Market Making Programme

Eligible Membership

Members and their Customers.

Description

CME Europe is renewing the one year programme to continue development of liquidity in the Cocoa Futures contract.

Up to five companies will be selected into the Market Making Programme.

Applicable Account Type
Clearing Members: House Account and Client Account
Non-Clearing Members: House Account and Client Account

Download Programme Details

3. Cocoa (Deliverable) Futures Sampling, Grading and Delivery (Subsidy) Programme

Eligible Membership

SPU Holders and other commercial customers holding physical cocoa stocks

Description

CME Europe is introducing a Sampling, Grading and Delivery (Subsidy) Programme to ensure development of liquidity in the Cocoa Futures contract.

Applicable Account Type
Clearing Members: n/a
Non-Clearing Members: n/a

Download Programme Details

4. Soft Participants Unit (SPU)

Description

The CME Europe Softs Participation Unit (SPU) Programme offers market participants the opportunity to obtain financial benefits in exchange for their commitment to support specific Soft products listed by the Exchange.

SPU FAQ

Notice

CME Europe wishes to be transparent to all Members as to the relationship between itself and Exchange Member Globex Markets Limited, each a wholly owned subsidiary of CME Group.

Should GML wish to participate in any incentive schemes operated by the Exchange, it would be required to meet the same eligibility criteria as other Members, where these apply. Members should be aware that in all other circumstances GML is under no obligation to provide liquidity nor to make markets.

GML’s Pillar 3 disclosure is available on request from CME Corporate Communications.