The international derivatives exchange Eurex is launching an enhanced Eurex Trader Development Program in January 2010.

The new scheme offers training, further education measures and lucrative trading conditions for new traders who start trading on Eurex next year.

Michael Peters, member of the Eurex executive board, says: “On 1 January 2010, Eurex will introduce the next generation of its Trader Development Program which will support traders new to Eurex markets by providing them with broad educational support and reduced trading and clearing fees. In particular, our programme aims to support Eurex members who plan to extend their trading activities through the training of junior staff.”

The reduction and waiver of trading and clearing fees depends on the trader’s location and on the number of individually traded contracts per month. Preconditions are that they are performing proprietary trading via order routing systems and have not been admitted to trading on Eurex before.

Applications for the Trader Development Program will be accepted until 31 December 2010, and the benefits will be granted for one year from application.