UK regulator gives CME green light to launch London exchange
LONDON, March 11
LONDON, March 11 (Reuters) - U.S. Exchange Group CME said on Tuesday it had received regulatory approval from Britain's Financial Conduct Authority for a London-based derivatives exchange.
The Recognised Investment Exchange will launch on April 27 and will list commodity products, the company said in a statement.
CME plans to launch a full suite of foreign exchange futures products on the same date, provided final regulatory approval over certain operational clearing conditions is given, it added.