Peso Volume Surges On CME; Mexican CB Plans Policy Shifts
EXCHANGES
The Chicago Mercantile Exchange's Mexican peso futures contract, nearing its two-year anniversary, has seen a dramatic surge in volume since its launch in April 1995 (FXW, May 1, 1995). Meanwhile, recent policy changes by the Banco de Mexico could help boost volume further, sources say.
Of the nine currencies traded on the Merc, officials say that by the end of February, the peso was one of the top five currencies in terms of open interest. On February 25, peso futures reached record open
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