CME's FX Forwards Contracts Hit Highs In Volume And Interest
EXCHANGES
Volume and open interest on the Chicago Mercantile Exchange's two-month-old Deutsche mark currency forward contract has been larger than expected (FX Week, September 12), officials say. Although many dealers are still tentative, participation has been growing steadily since the September 12 launch.
As of October 31, the forwards (which are about three times the size of a regular currency futures contract at $250,000) have averaged 750 contracts per day and open interest, as of the same date
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