CME, Nymex, Comex, Paris Bourse and Friends To Cooperate On Single Electronic Trading Platform And Clearing System
EXCHANGES & REGULATORS
Calling the electronic after-hours trading system that the Paris Bourse has developed "an extraordinary system," the Chicago Mercantile Exchange's chairman Jack Sandner announced Feb. 20 that the CME, along with the New York Mercantile Exchange, the Commodity Exchange, and France's Matif and Monep, have signed a letter of intent to adopt the Bourse's Nouveau Systeme de Cotation electronic after-hours trading system in 1998.
In the case of the CME and the Matif, this would replace their use of the
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