Matif Plans Launch Of Currency Options In Franc, Mark To Compete With Phlx

EXCHANGES

In a bid to get a piece of the lucrative foreign exchange markets, the Marché à Terme International de France (Matif) has announced that it will launch two currency options contracts on May 20. The dollar/Deutsche mark and dollar/French franc options contracts will compete directly with similar offerings on the Philadelphia Stock Exchange and with options on the Chicago Mercantile Exchange's currency futures contracts.

Matif officials say now is the right time to launch an exchange-traded cur