On August 20, 2012, the CME announced its intent to open a European exchange in mid-2013. The exchange will start with currency futures and will progress into other markets. Robert Ray, CME's managing director in charge of international products will lead the new exchange, which will utilize CME Globex for electronic trading and CME Clearing Europe for processing the transactions. The new exchange plans to directly challenge Eurex and NYSE Liffe in the derivatives and OTC space.
See the page >