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CME delays start of London exchange for second time

CME Group Inc , the No. 1 U.S. futures market operator, is again postponing the start of operations in London - its first exchange abroad - due to a technical problem, it said on Friday.It did not provide a new date.The 165-year-old exchange is trying to better compete with European rivals such as Germany-based exchange Eurex ."This notice is to advise you that the launch date for CME Europe Ltd. of 29th September has been delayed due to a technical issue around the delivery of physical currencies," the CME told customers in a memo seen by Reuters.CME, which owns the Chicago Mercantile Exchange, the Chicago Board of Trade and the New York Mercantile Exchange, had already postponed the launch of London-based CME Europe Ltd to September 29, for a trade date of September 30, from September 9.CME plans to offer 30 foreign-exchange as well as options and commodities contracts. Outlining the timeframe for non-currency products for the first time, CME Europe's CEO Robert Ray said it plans to ...

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