CHICAGO (Headquarters)
Chicago Board of Trade Building
141 W. Jackson Boulevard, Suite 1701-A
Chicago, Illinois 60604
Phone: 312.356.6000
Fax: 312.922.7143
Email: trade@ghco.com
CBOT to Launch Bund, Bobl and Schatz Futures on April 23
CHICAGO, IL April 6, 2004 â The Chicago Board of Trade (CBOT) announced today that it will launch Bund, Bobl and Schatz futures on April 23, 2004, with seven firms serving as market makers within the CBOT German debt complex.
The cash settlement process for the CBOTâs German debt futures contracts is a procedure that provides more efficient convergence between the futures and underlying cash market at expiration than any other futures product on German debt. Settlement at expiration will be based on activity in the contractsâ underlying cash markets, rather than price activity in futures. This new procedure puts the prices of CBOT German futures contracts more in line with the cash market at expiration. http://www.cbot.com/cbot/pub/cont_detail/0,3206,730+18597,00.html
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