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Pending regulatory approval as a Recognized Investment Exchange, CME Europe Ltd will initially begin trading foreign exchange futures products and is expected to launch mid-2013.
HKEx said it will preserve the LME brand with remaining a Recognized Investment Exchange in London regulated by the UK Financial Services Authority.
It is a Recognized Investment Exchange in the UK and a Market Operator under MiFID, authorized to operate both secondary and primary markets.
The London Stock Exchange is a Recognized Investment Exchange (RIE) under the Financial Services and Markets Act 2000 and is supervised by the Financial Services Authority.
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