Derivatives exchange - Chicago Mercantile Exchange


Pick up the launch issue of Risk magazine, and you'll see the Chicago Mercantile Exchange (CME) prominently featured. Back then, a request to the Commodity Futures Trading Commission (CFTC) to allow it to offer after-hours electronic trading was causing a commotion in the futures exchange space. Competitors were concerned by the move and the exchange's ambitions (Risk December 1987, page 59-60). In the end, the CFTC approved the CME's request, enabling the bourse to continue on its path to b

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