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BRIEFLY

June 02, 1988

The Chicago Mercantile Exchange signed a formal surveillance agreement with the Tokyo Stock Exchange in connection with the CME's planned trading of stock index futures based on the Nikkei-225 stock index, exchange officials said. The agreement requires that the two exchanges share market surveillance information with each other when requested. The Securities and Exchange Commission encouraged the agreement in its comment letter to the Commodity Futures Trading Commission, which must grant final approval.

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