CME Plans Mexican Peso Futures As Foray Into Emerging Markets

EXCHANGES

Despite the recent turmoil in the various emerging markets, the Chicago Mercantile Exchange (CME) plans to start listing emerging markets products, beginning with contracts based on the Mexican peso. Commodity Futures Trading Commission (CFTC) officials say the Merc's proposal for a peso futures contract could be approved by the end of February, when the comment period ends.

Under the plan, the CME will list currency, interest-rate and equity products from a number of emerging markets around