MidAm, CME Plan U.S. Dollar Index Offerings, A Battle Of The Baskets?
EXCHANGES
Times must be getting tough if two exchanges are battling to grab a piece of the Finex's U.S. Dollar Index business. The Chicago Mercantile Exchange (CME) and the MidAmerica Commodity Exchange (MidAm) are both planning to unveil U.S. Dollar Index contracts, each hoping to give the Finex a run for its money.
But Richard Jaycobs, managing director of Finex, says that may be harder than it looks. "The only thing I would say is that a currency index is one of the hardest things to convince people to
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