CME Group Applies to Create London-Based Derivatives Exchange

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[authors: Kenneth M. Rosenzweig, Tanja Samardzija]

On August 20, CME Group announced that it is in the process of applying to the United Kingdom’s Financial Services Authority (FSA) to create a London-based derivatives exchange. Pending FSA approval, CME Europe Ltd. will offer foreign exchange futures products. CME Globex will be used as the electronic trading platform for CME Europe Ltd., which is expected to launch mid-2013.

More information is available here.

 

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