CME working on 2015 CLOB pricing function

By Daniel O'Leary
24 Sep 2014

The CME Group is working on a piece of market infrastructure that will provide buyside clients with average pricing functionality for allocating trades via central limit order books, making CLOB trading easier and boosting liquidity.

A senior official at a swap execution facility based in New York, said the CME is working with futures commission merchants on the pricing function and should release something in 2015. “One of the impediments for the buyside trading on a CLOB is that the industry does not ...

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