Merc seeks cash terminals. (Chicago Mercantile Exchange)(Brief Article)

Futures (Cedar Falls, Iowa), April, 1998

In a move to bolster its straggling foreign exchange futures, the Chicago Mercantile Exchange (CME) hopes to install terminals on the floor for trading cash equivalents of currency and treasury contracts.

While the CME's forex and treasury committees still are examining cost and specific infrastructure, which must be approved by the board of directors before it can go before the Commodity Futures Trading Commission (CFTC), the idea received serious consideration for much of last year, and CME insiders say it's a priority.

"It is a concept that is intended to reinvigorate our forex markets...and bolster the repertoire of the Mere floor trader," says Leo Melamed, CME

chairman emeritus. "This is not a concern of cost. It's a concern of doing the...

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