MGEX, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), has announced exchange fees for the new Apple Juice Concentrate (AJC)futures and options contract, which include fee reduction incentives for delegate members.
Reduced fees apply to AJC trades and are available from the launch date, August 13, 2012, through October 31, 2012. The MGEX member exchange fee rate will be $0.00, the delegate rate will be $0.30 per AJC trade and the non-member rate will be $1.00 per AJC trade.
MGEX delegate membership is available to individuals trading for their own account. MGEX delegate members receive reduced fees on all MGEX futures and options contracts.
“The process to become a delegate member at MGEX is quite simple,” said Jesse Marie Bartz, MGEX Assistant Corporate Secretary & Chief of Staff. “Additionally, the potential savings in exchange fees is well worth the low cost of membership application,” said Bartz. For more information on acquiring a delegate membership, visit www.mgex.com/membership.html.
Qualified participants, including proprietary trading groups and individuals who trade for their own account, may also apply for further reductions through a Liquidity Provider Permit (LPP) program offered by MGEX. The LPP application is available on the MGEX website at www.mgex.com. MGEX also offers a program for market makers willing to provide consistent bids and offers. Please contact MGEX if interested in learning more about the market maker program.
On Monday, August 13, 2012, MGEX will launch the AJC futures and options contract. Trading begins at 7:00 a.m. central time. Additional information about the AJC contract is available at www.mgex.com/ajc/.