Hong Kong Exchange Nears Launch Of Spot Look-Alike Futures Contract
EXCHANGES
The Hong Kong Futures Exchange (HKFE) will launch 'one-day rolling' currency futures (ODRCF) on the Deutsche mark and Japanese yen on November 3, officials say. The HKFE, which originally sought to launch the contracts during the first half, has also made slight adjustments to the contract's specifications (FXW, February 20).
The exchange began looking at a contract that would rival the Chicago Mercantile Exchange's 'rolling spot' futures contract as well as the Singapore International Monetary
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