CME eyes energy market
The Chicago Mercantile Exchange plans to launch energy futures contracts once its non-competitive agreement with the New York Mercantile Exchange expires this summer.
Details of which contracts will be launched and a timeframe have not yet been disclosed.
CME chief executive Craig Donohue told analysts last month that the exchange wants to challenge exchanges in New York and London in the lucrative energy market.
"We have a variety of different strategic alternatives," Donohue said. "We fundamentally believe that there is a lot of growth opportunity in the energy market, particularly associated with electronic trading of energy product."
The Chicago exchange saw
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