The London International Financial Futures and Options Exchange is looking to gain a competitive advantage over rival Chicago Mercantile Exchange, with a simplified cost structure for trading and clearing Eurodollar futures and options.

Liffe, the derivatives arm of Paris-based Euronext, has set the standard transaction and clearing fee at 44 US cents per lot per side. Individual liquidity providers to the Eurodollar futures market will have that sum discounted to 28 cents and Liffe members will pay 18 cents.