Reuters cuts EM options brokerage fees in half
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Officials at Reuters told FX Week the system experienced its busiest month to date in November, a month after adding the capability for emerging market currency options trading. The brokerage fees – half what are charged on voice brokered options – will challenge other brokers in the market as banks look to cut trading costs, according to market participants.
The brokerage fee for trading emerging market currency options with Reuters is US$15 per million dollars notional traded, which compares
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