Chicago Mercantile Exchange CME has rolled into Hong Kong, opening its new Asia-Pacific headquarters in the SAR on the back of expanded products offerings, its proximity to China business opportunities and its self-proclaimed increasing focus on Asia. The opening is also timely for CME as it has announced plans to list new futures contracts and options on futures on the renminbi against the dollar, euro and yen and a new Korean won product.
CMEÆs increased focus on Asia comes as derivatives have heated up in the region, far outpacing the growth in more mature markets and providing the exchange with many new business opportunities. The unveiling also follows its recent launch of its futures...
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