NEW YORK (AP) CME GOOGL is planning to begin listing its shares on the major exchanges starting next week, a move that could bolster the company’s position in the $1.6 trillion futures market.
The move would be the latest in a string of changes in the futures market as a whole as CME’s board has made some big moves in the past year.
The New York-based exchange plans to begin offering futures contracts in U.S. dollars on Oct. 1 and will be the first major U.K. exchange to do so.
That follows a similar move from CME last week to begin trading futures on the U.C.M.E., the largest exchange in the United States.
In the past three months, CME has also launched futures trading on the London Interbank Offered Rate, a key benchmark that is used to set interest rates for foreign currency trading, including the U-curve, the key benchmark for equities.
That has led to a rise in the market value of CME futures.
The exchange will offer the same type of contracts to the U.-curve in the U, and the British government has said it would take the next step to allow the futures trading market to function fully.