The announcement that Man Group has bought Eurex's US
operation for $20m to create US Futures Exchange (USFE) has
received a mixed response from a market unsure of the new
Sources said that there had been scant information on the
exact service the exchange would offer. One executive at a
software provider told FO Week that he did not know what USFE
could provide given its avowed intention not to launch futures
or an OTC clearing facility in competition with existing
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