CME to MoveSome Eurodollars to Globex
EXCHANGE TECHNOLOGIES
CHICAGO--Feeling the heat of global electronic competition, officials of the Chicago Mercantile Exchange (CME) are inching closer to automation with aggressive initiatives to move some of its open outcry Eurodollar futures trading to its Globex electronic trading system.
CME officials will ask shareholders at a special meeting on March 16 to approve a complex plan to move the one- and two-month flagship Eurodollar contracts off the trading floor and onto Globex. Approximately 90 percent of
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