The Merc's purchase of the OTC FX platform will be key for its push into Asia
Following CME Group’s
purchase of Fenics from GFI on Wednesday, the OTC FX platform
will be key component to the Merc’s strategy in
tapping the Chinese market, it said on an earnings call.
One of Fenic’s key selling
points was its connectivity to many of China’s top
banks, and with the prospect of increasing
internationalisation, the FX platform will be central as CME
continues to push into Asia.
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