New York Board of Trade (Nybot) launched pulp futures on 25
February, with options due to follow on 7 March. Having been
scheduled to launch on 14 February, Nybot had to delay the
launch of the contracts until it completed the necessary
warehouse certification process.
Nybot executives said they were excited about the potential
for the contract for a few reasons, including growth in the OTC
market, leading participants to see a need to bring price
discovery to their market, as well as clearing. "It's the
largest commodity market in the world that doesn't have a
futures contract associated with it," said svp Joe
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