Globex Off And Running But Mark/Yen, FX Options Crawl

EXCHANGES

Globex finally found its way out of the starting gate last week, but as expected (FX Week, June 29), liquidity thus far has been meager. Volume is particularly thin in the options, and non-existent in the mark/yen contract. Although Globex officials appear content with the system one week after launch, so, it should be said are the EFP traders.

In fact, EFP traders say they haven't felt any pinch at all. "Our big customers are still calling us," says one EFP trader in New York. "They still

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