CME urges China futures opening

CME’s Leo Melamed says the time for China to put pricing of its financial futures market on display is now.

CME urges China futures opening

China will not be able to further grow its financial futures markets if it does not open them to the influence of international supply and demand, and it should do so now, said Leo Melamed, chairman emeritus at the Chicago Mercantile Exchange.

As president of the CME, he has been in touch with Chinese politicians and regulators since 1985. Melamed pioneered financial futures with the world’s first currency and interest-rate futures in the 1970s...

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