CME
European Incentive Program

European Incentive Program Participants as of March 9, 2008

Products Round-Turn Using CME Globex Breakdown of fee components
Clearing Fees (per side) CME Globex Fees (per side)
Commodity Products $0.88 $0.34 $0.10
FX Products (Futures) $0.88 $0.10 $0.34
FX Products (Options) $0.88 $0.10 $0.34***
Interest Rate Products (Eurodollar futures tiered) $0.88 $0.34 $0.10*
Eurodollar & Euroyen Options $0.88 $0.34 $0.10
Index Products** $1.96 $0.78 $0.20
Weather Products $0.88 $0.34 $0.10
ETF Futures $0.56 $0.18 $0.10
E-mini Commodity Products $0.88 $0.34 $0.10
E-mini FX Products $0.88 $0.34 $0.10
E-mini Equity Futures $0.98 $0.39 $0.10
E-mini Equity Options $0.88 $0.39 $0.05
Eurodollar 5-Year E-mini Bundle Futures $1.00 $0.34 $0.16
E-mini Eurodollar Futures $0.20 $0.07 $0.03

The rates listed for registered European Incentive Program participants apply only to CME Globex transactions. Open outcry transactions by these entities will be charged at  non-member rates.

*The CME Globex fee for CME Eurodollar futures contracts with longer than 4-year expirations is reduced from $0.10 to $0.05 per side for members.

** Index product trading fees do not include fees for trading TRAKRS®. 
See  TRAKRS Fees

***The schedule of CME Globex fees for Volatility-Quoted Options (VQO) is listed below.  The Clearing and CME Globex fees will be waived with the auto-hedge Futures leg associated with the Volatility-Quoted option.

  Rate
European Incentive Program Participants $0.64


See  fee waivers information.

Eurodollar Futures Tiered Clearing Fees for CME Globex Transactions

On a tiered basis, for corporate members and incentive program participants, the clearing fee for Eurodollar Futures, Euroyen Futures & Euroyen Options traded electronically is reduced for trading volumes in excess of 15,000 contracts per month. Volume is aggregated per product by Operator ID within a single Bill Firm, for a particular corporate member entity or incentive program participant. Trades marked for give-up and give-up transactions are excluded from this program, unless they are trades that have been marked for give-up as a result of positions being transferred to SGX via the mutual offset process. The following clearing fee discounts apply based on volume traded:

Account of: First 15,000 sides 15,001 to 50,000 sides

50,001 + sides
European Incentive Program Participants none $0.10 $0.20