CME joins steel market with Hot-Rolled Coil futures

25 Sep 2008

CME Group has announced it would launch its own domestic hot-rolled coil steel futures contract, joining two other exchanges in efforts to break into the steel market.

The new US Midwest Domestic Hot-Rolled Coil (HRC) steel futures are due to launch on October 20...

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[steel futures]
[steel options]
[steel]
[hot-rolled coil]
[CME Group]
[CME]
[LME]
[London Metal Exchange]
[Dubai Gold and Commodities Exchange]

"For exchange-traded derivative markets, the monopoly of middle and back office providers is likely to be challenged. Historically, the three incumbent providers have been largely unchallenged due to widely held fears of ‘migration risk’."

Clive Furness, MD, Contango Markets

CME joins steel market with Hot-Rolled Coil futures

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