The migration of Eurodollar contracts from floor to screen continued apace last month, with Singapore Exchange (SGX) taking a volume hit. SGX traded 930,000 Eurodollar in May, down 45% on last year.
Dealers told FO Week Eurodollar migration is continuing into Globex and Euronext Liffe's Connect.
On 4 June, more Eurodollars were traded on Globex than in the Chicago Mercantile...