CME and ICE both launched new Euro-denominated cocoa contracts on Monday
CME Group took on Monday an early
advantage over the Intercontinental Exchange in the rivals'
battle for supremacy in the new Euro-cocoa market when the
London-based exchange handled on day one some 240 contracts and
ICE handled none.
CME said a total of 240 contracts traded
through four delivery months out to March 2016, with most
trades taking place in the new-crop December 2015 and March
2016 contracts, while ICE said on its website it did no
"After 18 months of working with the
industry, we believe we have launched cocoa contracts that
address many of the unmet needs identified by commercial market
participants," said Jeffry Kuijpers, executive director for
agricultural products at CME Group on Tuesday.
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