There’s some buzz swirling that the CME will reveal plans to clear FX at the annual futures jolly being held as I type at the Boca Raton Resort & Club in Florida. “There are NDAs all over place,” says one contact. “There are some talks going on. It’s probably the biggest topic [at the moment].”
Few would be surprised if the announcement does come today or tomorrow. Several exchanges and clearing houses have long been looking at FX.
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