More Bang for Your Buck in Currency Trading

The potential of CME foreign-currency futures and options on futures is easy to understand.

They are volatile. They offer low margins. And they are exceptionally liquid, with an average daily volume close to 100,000 contracts.

Most important, CME currency contracts trend well, year after year. And they respond to familiar, fundamental economic factors - the kind of information you follow every day in the news.

What is more, with CME foreign-currency options, you can take advantage of opportunities in the market with limited risk.

Of course, trading foreign-currency futures and options at the CME does involve risk. But if you can afford to assume it, they offer everything a speculator could want.

More bang for the buck. The euro. And the yen. To learn more, call your futures broker.

Source. Chicago Mercantile Exchange (CME).

O 6.1 The Currency Futures Market

The Chicago Mercantile Exchange (CME), known as "The Merc," was founded in 1919 as a nonprofit organization to trade spot and futures commodity contracts. In 1972, the CME introduced futures trading in foreign currencies through the International Monetary Market (IMM) as an alternative to regular forward contracts offered by commercial banks. Most major exchanges around the world have added currency futures in recent years. They include the Philadelphia Board of Trade, the New York Board of Trade, the Deutsche Termin Borse in Frankfurt, the Hong Kong Futures Exchange, the London International Financial Futures Exchange, the New Zealand Futures Exchange, the Singapore International Monetary Exchange, the Stockholm Options Market, the Tokyo International Financial Futures Exchange, the Mer Der Exchange in Mexico, the BM&F Exchange in Brazil, the Budapest Commodity Exchange, and the Korean Futures Exchange.

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