Chicago Mercantile Exchange Launch Three New Cross-Rate Contracts.

The Chicago Mercantile Exchange (CME) began trading on January 12 in futures and options on three new currency cross-rate contracts to complement the CME's new "Euro FX" contract introduced in the week of January 4 in connection with the start of European Economic and Monetary Union (EMU). Futures on Euro FX/Japanese yen, Euro FX/British pound and Euro FX/Swiss franc are initially to be traded electronically on the CME's GLOBEX2 system. Options for the three contracts are traded via open outcry during regular trading hours, and electronically after hours.