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CBRE, GFI Form Real Estate Derivatives Market	By Erika Morphy

CBRE|Melody, a Houston-based subsidiary of CB Richard Ellis and derivatives broker GFI Group Inc., wants to replicate in the United States the success it had developing a real estate derivatives market in the United Kingdom. The two companies have formed another alliance to develop a market here that will trade such equity products as swap hedges, interest rate hedges and Treasury hedges that correspond to certain indices.

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