CME's New Brazilian Real Contract Shows Stellar First Day Performance
EXCHANGES
The Chicago Mercantile Exchange's fledgling futures and options on the Brazilian real, launched on November 8, showed a great deal of promise on day one of trading. Estimated volume for the first day of trading was 2,223 contracts, nearly double that of the Merc's successful Mexican peso contract, which also saw a lot of activity that day. Options volume was estimated at 60 contracts.
"We had very tight, deep markets all day long," says David Goone, the Merc's vice president of currency and
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