CME and SGX renew their mutual agreement
NEWS
The MOS agreement allows market participants the choice of clearing three-month Eurodollar futures, three-month Euroyen futures and yen-denominated Nikkei Index futures at either exchange. Hsieh Fu Hua, CEO of SGX, said the arrangement enhances round-the-clock trading by allowing traders to clear in their own time zone.
The agreement has been renewed for a three-year period. It was originally signed in 1984, and is the longest continual agreement between derivatives exchanges.
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