Globex Approved In U.K. But Global Village Is Elusive
THIS WEEK'S LEAD STORIES
The Chicago Mercantile Exchange's sphere of influence expanded considerably last month, when the Department of Trade and Industry (DTI) approved Globex for use in the U.K. The CME plans to have 50 Globex terminals installed at CME member firm sites in London by December, when the after-hours trading system goes live.
But the CME's vision of a unified global trading system listing contracts from multiple exchanges remains elusive. Not only are competing futures exchanges considering the
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