NMP Commodity Incentive Programme

Euronext New Market Participant Scheme

This NMP  will cover all Paris Commodity Futures and Options contracts and works on a progressive model, by continuing to attract NEW proprietary business with an initial 12 month fee while also continuing to offer existing NMP users in the current programme a progressive incentive fee for a following 12 months.

The programme is open to proprietary traders, both new to Euronext Commodities markets as well as those having entered in the last 12 month NMP programme, and its aim is to increase the depth of liquidity in the market via flat discounted rates. These new market participants will benefit from discounted trading and clearing fees, as agreed with LCH SA.

Details of incentive scheme

The details of the NMP Neo incentive programme on milling wheat, corn, rapeseed, rapeseed oil and rapeseed meal commodity derivatives contracts are as follows:

  • 12 month New Market Participant (NMP Neo) scheme from 3 January 2018 to 31 December 2018
  • Open to all NEW proprietary traders
  • Euronext and LCH SA will offer discounted trading and clearing fees, respectively, totalling €0.35 per lot[1]
  • Applicable to both Futures & Options contracts

The registration process has been automated and can be found below. All new NMP traders need a registered authorised representative of their Euronext member to fill out the registration form online and ensure that the Clearing Member Authorisation Form is completed and uploaded with the application.

Register here

Important information

  • Traders will be considered as registered in the NMP scheme and will benefit from the described rebates only following written confirmation from Euronext
  • Any incomplete registration form will be systematically rejected
  • The NMP discounted rates will end on December 31 2018 regardless of the date of entry into the programme.
  • Trades benefitting from the commodity option strategy fee rebates will not benefit from the NMP flat discounted rates. 
  • In order to benefit from the NMP scheme, registered traders must inform Euronext of any change in their executing and clearing arrangements.
  • The Clearing Member Authorisation Form and the Member registration must both be up to date at all times or the registration will not be valid and the trader will not benefit from the rebates.

For further information in relation to this scheme, customers should contact:

Commodities :  Nicholas Kennedy nkennedy@euronext.com

EMS Market Services: EMSderivatives@euronext.com

[1] The trading and clearing ratio which make up the €0.35/lot and €0.45/lot fees is €0.09/ €0.26 and €0.11/ €0.34 respectively,