EuroCCP Plans Fee Cap to Coincide With New Bats Europe Service
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EuroCCP, the European unit of U.S. clearinghouse Depository Trust & Clearing Corp., plans to cut fees for its biggest customers next month to win new business.
Under the new tariff structure, traders will only pay for the first 230,000 sides of each transaction that are cleared in a day, the company said in an e-mailed statement today. That caps daily fees at 4,300 euros ($6,200).