LOOSE CHANGE

LOOSE CHANGE

Volume remains stagnant in the CME's cross rate pits, traders on the floor report. While many participants remain generally optimistic about the product's eventual success, a number of traders, who jumped into the pits early on in hopes of finding a new home, have returned to more active pits. Meanwhile, average daily volume in the contracts remains lethargic. The CME reports that in the first two weeks of June, trading in the Deutsche mark/yen futures averaged about 125 contracts a day,

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