LOOSE CHANGE
LOOSE CHANGE
The Matif is considering launching euro-denominated contracts as early as 1998, ahead of the slated start of European Monetary Union the next year, according to its chairman Gerard Pfauwadel. His comment came after Deutsche Borse, representing the merged Frankfurt stock and derivatives exchanges, confirmed that long-standing talks about joint projects with France had been scrapped. Pfauwadel said the breakdown resulted from the German "diktat" that electronic trading, as adopted in Frankfurt is
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