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Ferscha: FX is the only major asset class where Eurex has not historically been represented |
Frankfurt-based derivatives exchange Eurex last month unveiled plans to offer foreign exchange futures, a move that might come as a shock to US rival the Chicago Mercantile Exchange (CME), which has historically dominated the FX futures market. “FX is one of the fastest-growing markets in the world, and it is the only major financial asset class where Eurex has not historically been represented,” says Eurex CEO Rudolf Ferscha.
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