Speculation is rife over whether CME Group will be the latest exchange to enter the competitive race to launch a successful steel futures contract, but opinion is divided over the validity of the rumours. Some observers believe it is more a case of smoke without fire.
Initial reports suggested that the exchange was in the process of considering a cash settled, hot rolled coil futures contract based on a price benchmark provided by steel group, CRU, to be traded on Globex. CME has refused to confirm whether or not...