CME, China partner on forex and rates

News

The Chicago Mercantile Exchange (CME) and the China Foreign Exchange Trade System (Cfets) have unveiled plans for a multi-year agreement in Shanghai to allow Chinese investors to trade CME's foreign exchange and interest rate products.

The yet-to-be finalised deal, the follow-up to a memorandum of understanding signed in 2004 between the two institutions, is intended to open up forex and interest rate futures and options trading over the CME's Globex electronic trading platform to Cfets members.

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