Chicago Mercantile Exchange has delayed the launch of its
credit derivative contracts after Commodities Futures Trading
Commission (CFTC) extended its review period. The launch was
originally scheduled for 7 May, but CME now hopes to launch by
"The Credit Index Event futures raises novel or complex
issues, including the nature of the contract, that require
additional time for consideration," stated the letter sent by
CFTC to CME.
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