Chicago Mercantile Exchange (CME) has announced its
intention to launch credit futures in the first quarter of
2007, challenging Eurex to become the first exchange to put the
$26tr OTC industry on exchange.
CME, which has been working on a credit futures contract in
conjunction with Chicago Board of Trade (CBoT), filed an
application with Commodity Futures Trading Commission (CFTC) on
17 October, alongside its proposed $8bn takeover of CBoT, to
list credit event futures on three companies - homebuilder
Centex, US retailer Jones Apparel and media conglomerate
This article is available exclusively to subscribers
Please log in to continue reading.
Not yet a subscriber?
Click here to take a free trial.
Already have an account? |
Please fill in your details below and a customer service representative will contact you.