Chicago Mercantile Exchange (CME) is said to be considering
changes that could alter its long-standing mutual offset system
with Singapore Exchange (SGX).
Sources in Singapore told FO Week that the linkage
agreement could undergo some changes as CME looks to expand the
distribution of its Globex electronic trading platform. One
possible change is to shorten the length of time in which SGX
trades the Eurodollar contract. Eurodollar futures are already
offered 23 ½ hours per day on Globex, which now includes
some spread trading functionality with the Eagle software
And, earlier this month, CME announced a series of internet
and direct connection upgrades that will allow cheaper and
easier access to Globex worldwide.
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