CME Discusses Large Lot Currency Contracts After Similar Proposal Failed In Philadelphia

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The Chicago Mercantile Exchange (CME) is discussing the possibility of offering large lot currency futures contracts in an attempt to lure large players to the floor. While no formal proposal has yet been drafted, talk has already been quite heated both by those in support and those opposed, sources at the exchange say. The talks come just four months after the Philadelphia Stock Exchange (PHLX) floated a similar proposal that was bitterly debated and eventually abandoned.

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