European futures exchange has secured the backing of Merrill Lynch and SG
European futures market GMEX Exchange went
live as scheduled on Friday morning, ushering in a new approach
to hedging interest rate risk.
GMEX, which lists its interest rate swap
constant maturity futures (IRS CMF) products on the
Frankfurt-based Eurex exchange, opened for business at 07:00
BST, Eurex’s scheduled opening time.
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