The Merc's first non-US market has seen volumes and open interest pick up steadily in its first three months
CME Group stole the headlines this week with the $580m
acquisition of GFI’s Trayport, a firm that will
boost the Merc’s presence in the European energy
The announcement came exactly three months after CME Europe,
the Merc’s new regional exchange, generated a few
column inches of its own when it launched to become the first
CME market based outside of the US.
CME Europe has faded from the headlines somewhat since the
end of April but the fledgling European exchange, which trades
foreign exchange and biofuels contracts, has made quiet, steady
progress over its first full quarter.
Volumes were negligible immediately after debut, indeed the
new market handled just four trades on its first day, and they
remained low for the first month but they started picking up at
about week six, according to CME data.
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