CME And Liffe Join Simex In Euroyen Libor Offering

EXCHANGES

CHICAGO--The early success of the Euroyen Libor future, launched by the Singapore International Monetary Exchange (Simex) last month, has prompted a round of similar offerings.

Last week the Chicago Mercantile Exchange (CME) and the London International Financial Futures and Options Exchange (Liffe) both announced plans to list similar interest rate futures contracts later this month.

The CME's contract will be pit traded alongside the Simex contract via the mutual offset system, which has bee