CME Plans New Emerging Markets Unit Under 'Global Markets Division' Banner
EXCHANGES
The Chicago Mercantile Exchange (CME) late last week announced plans to create a new membership division, the Growth and Global Markets Division, which will trade interest rate, stock index and currency futures and options based on emerging economies of a number of countries from Latin America to the Far East.
An emerging markets committee started exploring creation of the new division in March, and got underway with the launch of the Mexican peso n April 25 (FXW, May 1). The board's vote to
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