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Screenshot of a breaking news alert e-mail from Q2 2017
CME Europe has just informed members that it will be extending its FX Liquidity Creation Program (LCP) commencing on December 1st.
The renewal is a success for the program which was first announced back in May as first reported by LeapRate.
It should be noted that existing participants in the FX Market Making program are not eligible to participate in the renewed LCP program.
The incentive program was introduced by CME Europe to increase liquidity across the exchange’s FX futures products.
CME Europe launched along with their first set of FX instruments back in April of 2014.
Participants compete for a percentage of a monthly bonus pool, which is currently set at $100,000. The monthly bonus pool is allocated to the top eight volume participants.
CME Europe does monitor the trades to ensure that trades do indeed have a genuine economic rationale.
Full details of the LCP are available here.