Exchanges Sign Letter Of Intent For Joint Clearing And Trading
EXCHANGES
Following recent setbacks for Globex, the after-hours electronic trading system, futures exchanges in the US and France have signed a letter of intent to develop a common platform for trading and clearing exchange-traded derivatives, say officials.
The proposed technology sharing agreement would bring together the Clearing 21 clearing system for trade processing-developed jointly by the Chicago Mercantile Exchange (CME) and the New York Mercantile Exchange (Nymex)-with the SBF-Paris Bourse's
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