Finex Seeks CFTC Backing For FX Contracts In Ireland
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While the fate of Globex, the after-hours electronic trading system, hangs in the balance, Finex is making strides towards a 24-hour capability that relies on the time-tested open-outcry method. April 15 is the target date set to begin trading at Dublin-based Finex Europe.
Meeting that deadline, officials say, depends on when the exchange, a division of the New York Cotton Exchange, receives Commodity Futures Trading Commission (CFTC) approval on a number of currency contracts.
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