CME's Rolling Spot Suffers Low Volume;Chase Signs On As Market-Maker

EXCHANGES

In efforts to bolster support for its 'rolling spot' foreign currency contract for futures and options, the Chicago Mercantile Exchange (CME) has instituted a market-maker program to help boost liquidity. Participants say it is too soon to fairly judge the fledgling contract which, since its inception June 15, has suffered from low volume, cramped quarters, hectic currency markets, and an impending move to an upstairs trading floor (FX Week, June 14).

Trading in the contract so far peaked on