Chicago-based CME Group will officially launch its first European exchange on Sunday evening after receiving long-awaited regulatory approval to offer foreign exchange products.

CME Europe gained final sign-off from the Bank of England to offer trading in FX futures yesterday, which will be a relief to the bourse operator after months of delays because of issues related to the settlement process for currency products.

Bourse operator's first European exchange will launch on Sunday with energy and FX derivatives

Anish Puaar

CME Group

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FX a 'go' on eve of CME Europe launch

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