We currently operate a number of liquidity provider (LP) incentive schemes in our STIR futures contracts, aimed at individual ("proprietary") traders and end users:

1. Eonia LP Scheme
2. Euribor/Eonia Inter-contract Spread LP Scheme
3. Euribor Liquidity Provider (LP) Scheme
4. Sterling LP Scheme
5. Euroswiss LP Scheme
6. Eurodollar SLP Scheme
7. New Market Participants (NMP) Scheme
8. Short Term Interest Rate (STIR) Options End User NMP Scheme
9. US LP Scheme

This is a fee discount scheme, whereby approved applicants will receive a 15p rebate on the 25p Eonia future exchange trading fee, reducing this to 10p per lot, per side on the three month Eonia Swap Index futures contract.

• Eonia LP application form

London Notice No. 3179
Three Month Eonia Swap Index Futures Contracts
Liquidity Provider Scheme

This is a fee discount scheme, whereby approved applicants will receive a 100% exchange trading fee rebate on all proprietary business transacted in inter-contract spreads between three month Eonia Swap Index futures and three month Euribor futures on a 1 for 1 basis, capped at a maximum monthly limit of 200,000 lots each of three month Euribor and three month Eonia Swap Index futures, i.e. a maximum of 200,000 three month Euribor/three month Eonia Swap Index futures spreads.

• Euribor/Eonia ICS LP application form

We have recently introduced some changes to the existing LP scheme:
1) to incorporate the new Euribor/Eonia ICS strategy
2) to remove the restriction on the number of market participants able to sign up to the scheme.

London Info-Flash LO09/28
Three Month Euribor® Futures Contract and Three Month Eonia Swap Index Futures Contract Inter-Contract Spread
Renewal of the ICS Designated Market Maker Scheme and Extension of the ICS Liquidity Provider Scheme

These are volume discount schemes, whereby approved applicants can benefit from reduced exchange trading fees on proprietary business above defined volume threshold levels.

• Euribor SLP application form
• Sterling SLP application form
• Euribor exchange transaction fee calculator – effective from 2 March 2009 to 30 November 2009
• Sterling exchange transaction fee calculator – effective from 1 April 2008 to 30 November 2009

London Notice No. 3211
Three Month Swiss Franc (Euroswiss) Interest Rate Futures Contract
Liquidity Provider Scheme for Individuals

London Notice No. 3208
Short Term Interest Rate (STIR) Futures Contract
Liquidity Provider Scheme for Individuals

London Notice No. 2993 and No. 2996
Three Month Sterling Interest Rate Contract
Liquidity Provider Scheme for Individuals

London Notice No. 2824
Short Term Interest Rate (STIR) Futures Contract
Liquidity Provider Scheme for Individuals

Changes for "white" delivery months in the Euribor SLP scheme only:
London Notice No. 3116
Three Month Euribor Futures Contract
Liquidity Provider Scheme for Individuals

These are volume discount schemes, whereby approved applicants can benefit from reduced exchange trading fees on proprietary business above defined volume threshold levels, in addition to lower exchange trading fees in the ("back") delivery months of these contracts.

• Euribor LP application form
• Sterling LP application form
• Euroswiss LP application form
• Euribor LP exchange transaction Fee Calculator – (effective from 1 December 2009)
• Sterling LP exchange transaction Fee Calculator – (effective from 1 December 2009)
• Euroswiss LP exchange transaction Fee Calculator – (effective from 1 December 2009)

London Notice No. 3211
Three Month Swiss Franc (Euroswiss) Interest Rate Futures Contract
Liquidity Provider Scheme for Individuals

London Notice No. 3208
Short Term Interest Rate (STIR) Futures Contract
Liquidity Provider Scheme for Individuals

This is a fee discount scheme, whereby approved applicants can benefit from reduced exchange trading fees for the Eurodollar futures contract.

• Eurodollar SLP application form

London Notice No. 2824
Short Term Interest Rate (STIR) Futures Contract
Liquidity Provider Scheme for Individuals

The NMP scheme waives exchange fees for registered trainee traders without prior derivatives experience, for a specific time period and subject to a monthly cap.

• NMP application form

London Notice No. 3126
Extension of New Markets Participant Scheme

This NMP scheme for end users waives exchange fees in Euribor® and Short Sterling options and mid-curve options contracts for registered participants new to the market, for a specific time period (or for a maximum number of lots traded - whichever comes first).

• NMP application form

London Notice No. 3189
Short Term Interest Rate (STIR) Options End User NMP (New Market Participant) scheme
Introduction of an End User Scheme for New Market Participants

The US scheme offers trading fee rebates to independent proprietary traders based in the United States.

London Notice No. 3142
Short Term Interest Rate Futures Contracts
Liquidity Programme for Proprietary Traders based in the United States

To search for previous market notices, please visit here and for info-flashes, please visit here

Fixed Income Derivatives
+44 (0)20 7379 2222
stirs@liffe.com