Chicago Board of Trade (CBoT) and Singapore Exchange (SGX) were expected to launch the new Joint Asian Derivatives Exchange (JADE) on September 25, a move that could be a large push in Asian commodity futures as well as broadening the US exchange's product mix.
CBoT president and CEO, Bernie Dan, told FO Week that the new exchange would be a major initiative for the exchange, with the potential to reshape the Asian commodities marketplace and extend its benchmark grains and financial products.
"It is significant," Dan said. "One of the things I've tried to do over the past four or five years - through a whole host of initiatives - is build round-the-clock liquidity for our products. The more we can enhance that through new product offerings or...