Chicago Mercantile Exchange Group will introduce Euribor derivatives, NYSE Euronext’s flagship product, in the second half of 2011.
Competition between the two exchanges has been growing and is likely to only intensify with this move, which was announced on June 2.
The US exchange will begin listing futures and options linked to the European Interbank Offered Rate later this year.
Last year Liffe recorded 390m trades in Euribor futures and options, according to FOi data. The three month Euro (Euribor) Future is the fourth most actively traded short...