CME Europe Goes Live
The CME gained approval from British authorities for the venue last month. It began trading foreign-exchange and commodity futures yesterday.
"Our European customers are increasingly looking for ways to manage risk and access liquidity in a local jurisdiction. CME Europe now allows us to better serve our customers in the region as we expand our business with relevant products," said CME Group executive chairman and president Terry Duffy, speaking when regulatory approval was given.
CME joins other major US exchange operators in debuting a London-based facility for trading derivatives. Nasdaq OMX operates NLX from the city, while the IntercontinentalExchange Group also owns Liffe, through its acquisition of NYSE Euronext last year.
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