CME Rolling Spot Contract Lures Perimeter Players

EXCHANGES

The Chicago Mercantile Exchange's upcoming launch of a rolling spot foreign currency contract for futures and options is expected to intensify competition among players on the perimeter of the interbank FX market.

Pending regulatory approval, the launch could take place as early as May or June. So far, the CME has committed to a rolling spot contract based on the British pound (FX Week, January 25). The contract size is expected to be £250,000, four times the size of the current sterling

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