The CME is looking to boost its presence in Europe and Asia with GFI deal
CME Group signed a memorandum of understanding (MOU) with
the Shanghai Clearing House, as competition amongst Western
exchanges to expand into China intensifies.
The agreement with the Shanghai Clearing House is the latest
move from the Chicago-based exchange operator following its
acquisition of FX platform FENICS from interdealer broker GFI
Group, which has strong ties with many of the top Chinese
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