CME unveils European inflation futures



The Chicago Mercantile Exchange is set to launch a European inflation futures contract based on the eurozone harmonised index of consumer prices (HICP), excluding tobacco, an annual inflation measure published by Eurostat, on September 19. The contracts will trade on the CME Globex trading platform between 8am and 4pm UK time. The CME may have responded to criticism of its US consumer price index futures contract, which has failed to get off the ground since its launch in February 2004. The

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