FIVE YEARS AGO IN FXW
FIVE YEARS AGO IN FXW
CME Launches Currency Forwards In Move to Rival Interbank Market
The Chicago Mercantile Exchange (CME) launches its Deutsche mark currency forwards contract today, which is designed to give users another futures vehicle that replicates the interbank market. Currency forwards will not tie up credit lines or accrue the capital charges typically associated with interbank forwards, say officials.
FXW
, September 12, 1994Editor's Note:
In 1995, the CME also launched Japanese yen "rolling spot" andOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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