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I am interested in knowing more about offsetting (or initiating) a
position in currencies or metals in the EFP market. It's my
understanding that one can place a stop in that market overnight. Is
this a good idea? My understanding is that they basically do a trade in
the cash forward market to match the size and date of the futures
contract and then "transfer" the position into a futures contract the
next day. Is this correct? If the size is definable would I be able to
do a Midam size amount? But if so, would I be able to "transfer" it to
a Midam contract or can you only do that with CME currencies? Could one
just hold onto the EFP contract? If so, do they work on margin the same
way? Anything elso I should know about EFP's?
Conrad Bowers
cpbow@xxxxxxxxxxxxx
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