Strange goings on at CBoT, who - as you can read elsewhere in
this rag - sent out a rather odd missive to traders last week,
urging them to trade "a real market" as opposed to "a vanishing
market". They don't name the vanishing market in question, and
I must admit I'm stumped as to what they can have meant.
Presumably not Eurex US, which, far from vanishing, has seen
volumes rocket since its much heralded incentive programme
kicked in (and since it started sending scantily clad women
round traders' offices). In fact, with volumes up all over the
place, the best possibility I can come up with for the
disappearing act is CBoT's own sluggish German debt suite of
products (Monday volume: zero, Tuesday volume: zero, Wednesday
volume: zero, Thursday volume, well, you get the picture).
Curiously enough, one of the many copies of the email I got
originated from someone called "firstname.lastname@example.org" which makes no sense
to me at all. Perhaps I'll bow to the pay-off line of the email
itself: "Only at the Chicago Boardof Trade".
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