CME Nears Final Hurdle On Large Lots Proposal
EXCHANGES
The Chicago Mercantile Exchange (CME), which has been working to establish a large lot trading facility for its currency futures contracts for over two and a half years, appears to be nearing the final hurdle in its quest. Though some floor traders are still opposed to the idea, many believe that the proposal, which is now in the hands of the Commodity Futures Trading Commission (CFTC), is a critical step toward attracting new participants.
Essentially, the exchange has filed to amend it rules to
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