The Merc has secured Bank of England clearance to start trading foreign exchange futures on Sunday
CME Europe has won last minute regulatory approval to launch
Europe’s first exchange-traded foreign exchange
future just days before the new platform goes live on Sunday,
writes Jonathan Watkins.
Following last month’s preliminary approval
from the Bank of England, CME’s new European venue
still had to meet certain operational clearing conditions to
launch the FX products.
The BoE has now confirmed CME Europe has met the conditions
and can go ahead with the launch.
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