CME to revive X-Funds with electronic jolt

Chicago Mercantile Exchange (CME) is reviving X-Funds with plans to list the contracts on the Globex platform next month.

The contracts, cash-settled "baskets" of up to four futures contracts in an index that settle every two weeks, are due to begin trading on 4 October. The contracts were a failure at Chicago Board of Trade (CBoT) and were de-listed after just a few months in 2002. Critics panned the concept as too complicated for the market. The contracts were also pit traded, which led some to speculate that X-Funds never appealed to the growing base of...