NYSE Liffe U.S. is introducing a new incentive program designed to attract international customers trading gold and silver futures contracts.

he U.S. futures exchange of NYSE Euronext announced the launch of its International Trader Incentive Program, and the Global FCM Incentive Program, which both went in effect Tuesday.

The ITIP is designed to provide firms and individuals trading from outside of the U.S. free or discounted fees for a six month period when they trade NYSE Liffe U.S. precious metals futures. Initially, it will run through August 2011 and is intended to attract a diverse global pool of traders to NYSE Liffe U.S. precious metals market.

The GFIP is structured to provide rebates to Futures Commission Merchants who facilitate trades from clients new to NYSE Liffe U.S. precious metals futures. It is also scheduled to run for six months.

“Supporting seamless and cost-effective international access to our gold and silver futures contracts is an important part of NYSE Liffe U.S.’ growth strategy and reflects demand for gold and silver futures liquidity,” said Jennifer Ropiak, vice president of Precious Metals Marketing at NYSE Liffe U.S.

“The GFIP highlights the collaborative efforts of the exchange and global FCMs to educate new clients on the benefits of trading precious metals futures on NYSE Liffe U.S. Both the GFIP and the ITIP demonstrate our commitment to supporting our broker partners and continuing to improve the quality of our market,” she added.

IE