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CBOT to launch new Asia venture.
(From AFX Europe (Focus))
CHICAGO (AFX) - The Chicago Board of Trade on Monday will take the latest step in its international expansion with the launch of its new joint venture with Singapore Exchange Ltd.
The two exchanges will launch the Joint Asian Derivatives Exchange, or JADE, trading a natural-rubber futures contract. A crude palm oil futures contract will start trading on JADE in the fourth quarter of this year. The contracts will trade on CBOT's electronic platform, e-cbot, and be cleared through the SGX Derivatives Clearing House.
"It's all centered and focused on increasing liquidity and access during the Asian trade hours," CBOT Holdings …
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