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EuroCCP Plans Fee Cuts
The Depository Trust & Clearing Corporation’s European unit EuroCCP is planning to reduce fees for its biggest customers next month.
TheDepository Trust & Clearing Corporation’s (DTCC) European unitEuroCCPis planning to reduce fees for its biggest customers next month,Bloombergreports. As per the new tariff structure, traders will be required to pay only for the first 230,000 sides of each transaction that are cleared in a day.
The move restricts daily fees at $6,200. London-based EuroCCP is reducing prices to coincide with the beginning of a newBats Europeservice as it seeks to attract the company’s clients.
Click here for the story fromBloomberg.