ICE Futures Europe Offers 79% Rebate

ICE Futures Europe will provide rebate of nearly 79% for some of its largest emissions clients, Bloomberg reports. The exchange’s customers trading over 25,000 contracts a month may get rebates of up to €2.75 on contracts with fees of €3.50 to build liquidity.

ICE will provide rebate to its traders in three tiers as long as they trade at least 5,000 contracts or 5 million metric tons of carbon dioxide a month. The company has invited various market participants, who are not ICE Futures Europe members, to become its member in order to qualify for these rebates.

Click here for the story from Bloomberg.