Following the introduction of its Eurodollar packs and
bundles market making scheme on Globex earlier this year
Chicago Mercantile Exchange (CME) has seen a good response as
Euronext Liffe's competing contract has seen a drop in
CME MD for Europe and Asia, Arman Falsafi, told FO
Week that the increased trading in packs and bundles on
Globex may well be a contributing factor to Liffe's recent drop
Robin Ross, MD of Interest Rate products at CME agreed that
the success on screen at the exchange was responsible for the
change. She said, "The reality of it is we have 8.6m open
interest in Eurodollars. I think it's difficult for anyone to
wrest away a part of the business. It all ties together; I
think Liffe has an uphill struggle."
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