Chicago Mercantile Exchange (CME) will establish its first
Asian telecommunications hub, in Singapore, in the second
quarter of 2005.
The move has been welcomed by many in the Singapore futures
community. "SGX locals are literally clamouring to get
connected to global exchanges," Dean Owen, Singapore desk
manager at Calyon Financial told FO Week.
"Domestic and international brokerages are scrambling to get
the Locals connected to global exchanges via the most reliable
and cost efficient e-brokerage solution. Some firms are
establishing trading arcades where clients can have free use of
trading tools, plasma TVs, and connectivity to their desired
exchange," he added.
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