it will compete against the NY FINEX dollar index future CME$INDEX⢠The CME$INDEX⢠is a geometric index of seven foreign currencies that is weighted to reflect the relative competitiveness of U.S. goods in foreign markets, and will provide investors with a new instrument for currency speculation and risk management. CME$INDEX⢠futures and options on futures contracts will be launched on March 3, 2003.
Sounds like an interesting market. It's a first time I hear about the product. Is this produt traded electronic? Dragn