CNMEX to introduce cross-asset class Exchange Traded Fund market maker rebate program

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China Mercantile Exchange is pleased to announce its first cross asset class fee incentive program.

(I-Newswire) January 17, 2010 - The CNMEX program will provide incentives for options Market Makers to hedge trading activities through cash positions on China Mercantile Exchange.
“This incentive program is designed to remove hedging friction for options Market Makers and to attract further trading activities and listing opportunities on China Mercantile Exchange, said Liu Wong Huiliang, Deputy Press Officer for China Mercantile Exchange.
Under the rebate program, each options contract traded by the designated Market Maker on China Mercantile Exchange will generate a per-share credit to offset trading activities.
“The development of this new cross-asset class subsidization of options market making activities further supports CNMEX’s efforts to encourage growth in the derivatives sector, and to develop an integrated cash and derivatives trading business,” said Huiliang.

About China Mercantile Exchange:
Positioned as the premier commodity exchange, China Mercantile Exchange serves as the pricing benchmark for regional and global producers, traders and consumers.

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China Mercantile Exchange

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January 17, 2010

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