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>From CME's website:
"CME To Launch E-Mini Euro FX
And E-Mini Japanese Yen Contracts
August 10, 1999—The Chicago Mercantile Exchange (CME) has set a fall
launch for “E-mini” versions of two of its leading currency contracts,
Euro FX futures and Japanese yen futures, marking the first time the
successful “E-mini” design will be applied to non-equity products at the
exchange.
The CME Board of Directors set October 7 as the start date for trading
in the contracts pending approval from the Commodity Futures Trading
Commission.
Both E-mini Euro FX and E-mini Japanese yen are smaller at one-half the
size of the regular contracts, and both contracts will trade virtually
around the clock on the CME’s GLOBEX?2 electronic trading system. "
*If* stops are reliable on Globex2, the emini JY would seem to have an
advantage over the Midam JY which doesn't trade at night. (The Midam
doesn't have a eurofx contract. Maybe given the volatility of the JY,
the Midam should try a 1/5 size contract. It seems like it would make
more sense to have a 1/5 size JY than a 1/5 size corn.)
Conrad Bowers
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