CME Europe Launching This Sunday, RTS To Provide Connectivity

The CME Group is already running the Chicago Board Of Trade (CBOT), the Chicago Mercantile Exchange (CME) and the New York Mercantile Exchange after acquiring its parent company NYMEX back in 2008. One of the largest options and futures exchanges in the world has announced back in the beginning of March that it obtained regulatory approval from the Financial Conduct Authority (FCA) for its European exchange. CME Europe will start operating this Sunday, April 27th from London.

One of the leading low-latency and software solutions providers for institutional clients, Realtime Systems Group (RTS), has announced in a press release that it will deploy its network to provide access for its clients to the newest European derivatives exchange handled by the CME Group. RTS boasts one of the most complete multi-asset class solutions aggregating exchanges and execution venues worldwide.

The Managing Director of the company's European arm said that “RTS will provide connectivity right away to CME’s new derivatives exchange in Europe, offering immediate access to not only commodity contracts such as biodiesel futures, but a full suite of foreign exchange (FX) products. Our clients can leverage our platforms and UK data centre to trade these exchange-listed contracts in concert with non-deliverable forwards and cash FX offerings in our network.”

RTS' CEO Steffen Gemuenden has added that: “RTS believes there is good demand among our global client base for a new derivatives exchange, regulated and cleared in Europe, that offers compelling products, as well as interesting opportunities for spreading and arbitrage.”

Speaking to Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Magnates reporters, CME Europe's Executive Director and Head of Strategic Sales Felix Carabello, has confirmed that the exchange will be launching its FX business on Sunday as the final regulatory approval has been received.

With multiyear low Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term settling in major forex pairs, the CME Group's FX business is not likely to pick up markedly right away. The launch of CME Europe will be crucial to the ambitions of the company to come at the center of the stage of derivatives marketplaces across Europe.