The new LCP promotion for FX will replace the existing program at CME Europe.
CME Europe Limited (CMEEL) today announced that it is replacing its current Long Term Revenue Share Programme (LTRSP) at the end of June 2016 with a new FX Liquidity Creation Programme (LCP), as per an advisory notice from the Exchange .
The program is open to an unlimited number of members, but only the top 8 could potentially share in the $100,000 in funds that may be pooled as a reward to top participants that meet the 5% requirement of all trading volume, and who thus help improve trading conditions with the added volumes, as per the CME Europe update. CME Group, which wholly owns CME Europe, recently appointed Paul Houston as its Global head of FX based in London, as reported by Finance Magnates in April.
The LCP is not just a promotion for anyone, as eligibility requirements are involved, but it is open to all members and customers that can demonstrate their ability to enhance liquidity on an active basis, and not just meet the LCP requirements.
As part of the review process, the exchange may screen related transactions to help ensure they have a real economic rationale where satisfying the LCP requirements is merely incidental and not the main purpose of the volumes.
Aimed to enhance FX liquidity
Set to launch on June 1st, the LCP program will run for a period of six months initially, and member firms that wish to participate are required to apply by May 27th and thus have just three days left, as the existing LTRSP program will transition out by the end of June.
CME Europe lists a number of related incentives aimed to help attract and reward the addition of liquidity on some of the venues contracts, as such incentives have worked for major exchanges in the US, to help both narrow trading spreads and add efficiency to the market.
Although similar in concept, this type of promotion starkly contrasts with the types of promotions that retail FX firms typically offer - including deposit bonuses or trading competitions - which are purely driven to onboard more clients or for other marketing related efforts including branding.
A list of eligible products and associated points that are allotted for each lot traded can be seen in the excerpt below from the LCP description:
CME Europe Limited (CMEEL) today announced that it is replacing its current Long Term Revenue Share Programme (LTRSP) at the end of June 2016 with a new FX Liquidity Creation Programme (LCP), as per an advisory notice from the Exchange .
The program is open to an unlimited number of members, but only the top 8 could potentially share in the $100,000 in funds that may be pooled as a reward to top participants that meet the 5% requirement of all trading volume, and who thus help improve trading conditions with the added volumes, as per the CME Europe update. CME Group, which wholly owns CME Europe, recently appointed Paul Houston as its Global head of FX based in London, as reported by Finance Magnates in April.
The LCP is not just a promotion for anyone, as eligibility requirements are involved, but it is open to all members and customers that can demonstrate their ability to enhance liquidity on an active basis, and not just meet the LCP requirements.
As part of the review process, the exchange may screen related transactions to help ensure they have a real economic rationale where satisfying the LCP requirements is merely incidental and not the main purpose of the volumes.
Aimed to enhance FX liquidity
Set to launch on June 1st, the LCP program will run for a period of six months initially, and member firms that wish to participate are required to apply by May 27th and thus have just three days left, as the existing LTRSP program will transition out by the end of June.
CME Europe lists a number of related incentives aimed to help attract and reward the addition of liquidity on some of the venues contracts, as such incentives have worked for major exchanges in the US, to help both narrow trading spreads and add efficiency to the market.
Although similar in concept, this type of promotion starkly contrasts with the types of promotions that retail FX firms typically offer - including deposit bonuses or trading competitions - which are purely driven to onboard more clients or for other marketing related efforts including branding.
A list of eligible products and associated points that are allotted for each lot traded can be seen in the excerpt below from the LCP description:
Institutional FX Demand Continues to Climb in April
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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