CBoT board gets more control

30 Jun 2003

Chicago Board of Trade (CBoT) members voted last Tuesday to allow the exchange's board of directors to enact various rule changes for up to the duration of one year...

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“The introduction of these contracts to trading represents a new stage in developing the Russian market in fixed income instruments as in essence futures on federal bonds are derivatives on long-term interest rates.”

Evgeny Serdyukov, director of F&O at RTS