CME mystery FCM’s purpose revealed
F&O Financial revealed as non-clearing broker for new event contracts venture with FanDuel
CME’s foray into event contracts with online gaming company FanDuel has brought some resolution to one of the odder mysteries in the clearing business: why did the exchange giant start its own futures commission merchant (FCM)?
On August 20, CME announced it was teaming up with FanDuel to develop listed financial contracts that will allow investors to bet on market-related events, such as the price
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