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Out trades


Zero hourStrange goings on at CBoT, who - as you can read elsewhere in this rag - sent out a rather odd missive to traders last week, urging them to trade "a real market" as opposed to "a vanishing market". They don't name the vanishing market in question, and I must admit I'm stumped as to what they can have meant. Presumably not Eurex US, which, far from vanishing, has seen volumes rocket since its much heralded incentive programme kicked in (and since it started sending scantily clad women round traders' offices). In fact, with volumes up all over the place, the best possibility I can come up with for the disappearing act is CBoT's own sluggish German debt suite...

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