CME Group, the world's leading and most diverse derivatives marketplace, recently announced that, in December, it will begin transitioning its CME dairy spot call — for daily price discovery in physical dairy markets — to an electronic, transaction-based auction, which can be accessed through CME Direct.
Ultimately, this will replace the physical spot market held via a limited open outcry session on the company's Chicago, Ill., trading floor that currently facilitates price discove
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