Re: CME Launches Hand Held Units for Locals in British Pound Pit

["hans esser" <he96@xxxxxxxxxxxxxx>]

> According to some CME sources, 18 British Pound locals were given Hand
> Held Units (HHU) today which allows them to lay off risk and trade with
> Globex Foreign Exchange.  
> 
> Globex Foreign Exchange (GFX) is a CME owned corporation that tries to
> make a market and tighten up the spreads between Globex currencies and the
> Interbank currency markets.  The GPX is supposed to be a breakeven
> operation.

great idea about a year or 2 before GBP goes into euro and is finished as the 
other eurpean currencies.........<g>

rgds hans