Chicago Mercantile Exchange Gets First Rolling Spot Contract This Week
EXCHANGES
The Chicago Mercantile Exchange is expected to launch the first of its new 'rolling spot' futures and options contracts this week in a move to take at least a small slice of the nearly $1 trillion worldwide currency market. But the piece the CME is competing for is one already under attack from a different direction: the 30 percent or so of the market done by currency brokers.
The rolling spot contract, launched first on sterling/dollar, is an attempt to simulate the characteristics of the spot
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