US credit futures delayed
Credit futures contracts from US exchanges the CME and the CBOE have been delayed while they await approval from their regulators.
The CME’s futures product based on single-name credit default swaps had been approved and was set for launch in early May. But the exchange has delayed the launch while it awaits approval from the Commodity Futures Trading Commission for a sister product based on the CME North American High-Volatility Index Series 2.
The CBOE, which had planned to launch its contract
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