Haffkin-Roth Will Introduce New Commodities Appraising Model
New appraising model shall enhance market quality and encourage volume growth.
- (1888PressRelease) December 07, 2012 - Fee reductions in index and equity derivatives will benefit end customers.
The overarching goal is to further increase the attractiveness of the Haffkin-Roth trading activities by offering incentives for market quality and volume contribution as well as fee reductions in a number of key products.
"The new appraising model is designed to further encourage volumes, enhance order book quality and attract new customers. Our new model will help fuel growth in trading volumes across key product segments," said Seung Chang-uk, General Manager at Haffkin-Roth.
The enhancement of order book trading shall support market transparency and price discovery. To achieve this goal, the highest proportion of incentives will be given to market makers in exchange for providing value to the order book. Additionally, the two current market making schemes will be further differentiated to reward market makers according to their market quality contributions.
Members who provide significant trading volume will benefit from modified rebate schemes for both futures and options products.
The existing fee caps for block trades in options will be replaced by a staggered fee model. Additionally, proprietary traders will receive volume rebates that are valid for both order book and block trades.
Furthermore, end customers will directly benefit from lower transactions fees for a number of key commodities, index options, and single stock futures.
Other measures under the new appraising model include the removal of the minimum quarterly transaction fee to lower entry barriers for new trading clients. Additionally the contract sizes of selected commodities, single equity options and single stock futures will be increased to comply with international standards. As a result, the number of traded contracts is expected to decrease while fees in these products will become more attractive.
On aggregate Haffkin-Roth participants will benefit from approximately 30 million dollars in lower fees annually.
Haffkin-Roth is a pre-eminent provider of alternative investments. Our mission is to find the best alternative investment managers and bring them to our clients through alternative mutual funds, private funds, and futures managed accounts. Our suite of products is sold through the intermediary channel, including clearing houses, independent broker/dealers and registered investment advisors. We also have a robust Private Client Group that works directly with high net worth individuals and family of Haffkin-Roth. We pride ourselves on our people and are strongly committed to our company motto: Trusted Alternatives. Intelligent Investing.
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