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. Eonia/Euribor Inter-contract Spread (ICS) 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. Asia Pacific LP Scheme
10. 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. 3239
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 Eonia Swap Index and Euribor futures, i.e. a maximum of 200,000 three month Eonia Swap Index/Euribor futures spreads.

• Eonia/Euribor ICS LP application form

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

London Info-Flash No. LO10/02
Three Month Eonia Swap Index and Euribor® 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, in addition to lower exchange trading fees in the ("back") delivery months of these contracts.

• STIR Futures 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 AP scheme offers trading fee rebates to independent proprietary traders based in specific locations in the Asia Pacific region.

• Asia Pacific LP application form

London Notice No. 3217
Three Month Euribor and Three Month Short Sterling Interest Rate Futures Contracts
Asia Pacific Liquidity Provider Scheme

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