CME Applies for Designation as Contract Market for Eurodollar FRAs Futures and Options

Summary

The Chicago Mercantile Exchange (CME) has submitted a proposal to the Commission for designation as a contract market in futures and options on three-month Eurodollar forward rate agreements (FRAs), a type of financial derivative. The Commission has decided to publish the proposal for public comment, allowing interested parties to provide input on the matter.