Philadelphia Stock Exchange (PHLX)'s re-launch of its
Philadelphia Board of Trade (PBoT) on 6 October began in the
worst possible way by failing to record a single traded
contract within its first eight days of trading, but exchange
officials said they were not worried.
The new futures exchange, which opened with a line of
short-term interest rate futures products based on Libor, has
been slow to get out of the gate to say the least, according to
daily statistics from PBoT, though the exchange explained the
reasons away and said that it expected to eventually prove a
success once members got fully up to speed.
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