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Chicago Exchange Sets Up Dublin Hub The Chicago Mercantile Exchange (CME), the largest futures market in the US, today announced an expansion that will see it set up four new telecoms hubs - in Dublin, Frankfurt, Amsterdam, and Gibraltar. CME chairman Terry Duffy and CME chief executive Craig Donohue marked the opening of the new hub in Dublin with Finance Minister Charlie McCreevy.
As an international marketplace, CME brings together buyers and sellers on its trading floors and GLOBEX electronic trading platform. CME offers futures and options on futures primarily in four product areas: interest rates, stock indexes, foreign exchange and commodities. Europe continues to be an important market for CME. Adding these telecommunications hubs in key financial centres will help our European customers to greatly reduce their GLOBEX connectivity charges," said Duffy. The launch of these additional hubs is part of our ongoing strategy to dramatically expand global distribution and access to GLOBEX, said Donohue. Trading volume on GLOBEX in 2003, CME's fourth straight
overall record volume year, increased 43pc from year-ago levels,
with total volume of 282.4 million contracts and average daily volume
of more than 1.1 million. CME launched GLOBEX in June 1992. It was
the first global electronic trading platform for the trading of
futures and options on futures products. |
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