FX Markets

ODD LOTS

ODD LOTS

Bank Julius Baer reports revenues from FX and precious metals trading for the full year 1998 of CHF105 million ($77 million), up 8 per cent from CHF97.5 million ($67 million) reported for the full year 1997. Results were converted using the exchange rates CHF1.365 for December 31, 1998 and CHF1.4615 for December 31, 1997.

The CME reports total currency futures volume was 1,526,745 contracts traded in January, compared with 1,967,641 in January last year. Average daily volume was 80,882 and open

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