CME Submits Proposal To Cftc In Hot Race To Trade Cross Rates
EXCHANGES
The Chicago Mercantile Exchange officially threw its hat into the cross currency ring this week as was expected (FX Week, July 6), applying to the Commodity Futures Trading Commission for approval to trade six cross-currency futures contracts and six options contracts on those futures.
"The way to look at it objectively is that we are the only ones with a successful futures product to begin with, granted Philly has a successful options product, but we also have a successful options product and
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