CME delays electronic Eurodollar trading

The Chicago Mercantile Exchange (CME), the world's second largest futures exchange, is to delay launching enhanced electronic trading in Eurodollar futures contracts until the end of January.

The system being delayed is called Project Eagle. It seeks to address traders' complaints about having to negotiate complicated Eurodollar trades in the trading pits, rather than electronically, which is faster, cheaper and more efficient.

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