U.S. Exchanges Relook ECU Contract Plans Single European Currency Momentum Builds
EXCHANGES
Talk that the ECU may become the sole European currency is heating up interest at exchanges around the country. Although ECU futures have had a pretty rough time finding an audience in this country in the past, a number of U.S. exchanges are getting ready for the new era.
The Chicago Board of Trade (CBT), which doesn’t even offer currency futures contracts, is planning to revise its ECU contract and submit those changes to the Commodity Futures Trading Commission for approval. Meanwhile the
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