CME Launches Cross Rates To Modest Reception Customers On Sidelines, Learning Curve Cited

EXCHANGE

The Chicago Mercantile Exchange (CME) finally launched its cross rate futures, and options on futures contracts last week, but the reaction so far has been relatively chilly. Traders say that there are a number of reasons behind the slow start, top among them customers reluctance to take the plunge.

"I think most [of the customers] are laying back waiting to see [how things shape up]," says Dean Witter Reynolds Inc.'s Karin Gibbs. "Most are unwilling to be the first ones in. Nobody wants to