CME To Launch Short-Dated Currency Options April 27

EXCHANGES

Now that the Chicago Mercantile Exchange (CME) has got its foreign-denominated cross rate futures and options out of the starting blocks, it's already set its sights on launching its next product, short-dated options on its currency futures, April 27.

Analysts say that the addition of short-dated options is just the latest attempt to capture some of the business which is now done over-the-counter. "Half the business in the OTC market is one month or less," one exchange official says, so the l