LCH.Clearnet will cut fees for many customers by as much as two-thirds and eliminate charges for high-volume equity traders amidst the possible loss of key clients and growing competition in Europe’s post-trade clearing market.

The London and Paris-based clearinghouse says that as of Oct. 1, it will offer free equity clearing for members which clear over 150,000 trades a day; those are typically high frequency traders with large volume business. The clearinghouse will also introduce discounts for members clearing over 50,000 and 75,000 trades a day. For example, members clearing about 60,000 trades a day will be charged 1 pence per trade instead of three pence per trade.

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