CME Said Canvassing Support for Cocoa Contract to Rival ICE - Reuters
April 11 2014 - 12:45PM
Dow Jones News
The CME Group Inc. (CME) has queried traders recently about the
viability of opening a cocoa futures contract to compete with
IntercontinentalExchange Group Inc. (ICE), Reuters reported Friday,
citing two traders whose firms have been approached by the
Chicago-based exchange.
Talks are at an early stage, the traders said, with one noting
that CME Europe has invited about 20 companies to a briefing in
London later this month where an overview of the proposed cocoa
contract is expected to be presented.
Full story at
http://in.reuters.com/article/2014/04/11/cme-group-cocoa-europe-idINL1N0MV1K320140411
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