Chicago Board of Trade (CBoT) and Singapore Exchange (SGX)
were expected to launch the new Joint Asian Derivatives
Exchange (JADE) on September 25, a move that could be a
large push in Asian commodity futures as well as broadening the
US exchange's product mix.
CBoT president and CEO, Bernie Dan, told FO Week
that the new exchange would be a major initiative for the
exchange, with the potential to reshape the Asian commodities
marketplace and extend its benchmark grains and financial
"It is significant," Dan said. "One of the things I've tried
to do over the past four or five years - through a whole host
of initiatives - is build round-the-clock liquidity for our
products. The more we can enhance that through new product
offerings or new alliances, or new programmes to attract new
participants, is really important."
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