CME Europe set to launch FX futures in April

The European exchange has been given FCA approval

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CME Europe is set to launch on April 27, six months later than planned, after the UK's Financial Conduct Authority (FCA) granted approval for the exchange operator's plans.

Based in London, CME Europe will offer 30 FX futures contracts, with plans to launch FX options in the future. The company originally hoped to launch in September last year, but it had failed to apply for approval with the Bank of England to clear FX futures through CME Clearing Europe, which prevented the FCA from giving the

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