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Friday, Sep 6
CME to delay launch of European exchange
- CME Group (CME -0.9%) will delay by three weeks until September 30 the launch of trading at CME Europe, according to a memo sent to exchange members today. "We are currently working very closely with regulators in order to achieve both recognition and a successful CME Europe launch," goes the memo, without elaborating in any more detail.
- CME Europe is the group's first full-fledged overseas exchange and is expected to challenge Eurex (DBOEY.PK +0.1%) for business, as well as take on IntercontinentalExchange (ICE -1%) whose acquisition of NYSE Euronext (NYX -0.8%) is set to close this year.