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Cliff and all,
Keep in mind BP is not joining EUC, nor is the SF. So the DM is mainly
becoming the Euro, tagging along will be the French Franc, Italian Lira,
and others(to the last and best of my knowlege).
Steve
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> From: Cliff Scheller <cliffsch@xxxxxxx>
> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> Subject: Re: Deutshe Marks
> Date: Saturday, January 31, 1998 6:36 AM
>
> > Traders,
> > I have been watching the Deutshe marks for a while, and was
> > wondering if someone was possibly trading them, and if you would
> > share your experience or thought on their present activity. Thank
> > you. Mike
>
> If you are planning on spending time on currencies, do not forget
> that the Eurpoean currencies are scheduled to "disappear" 1/1/1999
> and be replaced by the Euro.
>
> Don't ask me how the conversion is calculated - this is a raging
> debate, and unless triangulation is chosen, will probably involve an
> 8 or 9-decimal calculation - something outside the range of most
> trading programs accuracy limits.
>
> Cliff
>
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