Following the introduction of its Eurodollar packs and bundles market making scheme on Globex earlier this year Chicago Mercantile Exchange (CME) has seen a good response as Euronext Liffe's competing contract has seen a drop in volumes.
CME MD for Europe and Asia, Arman Falsafi, told FO Week that the increased trading in packs and bundles on Globex may well be a contributing factor to Liffe's recent drop in volume.
Robin Ross, MD of Interest Rate products at CME agreed that the success on screen at the exchange was responsible for...