C-Com attracts more backers for scrap futures

Oct 10, 2005 | 06:37 AM |

The Central Japan Commodity Exchange (C-Com) has succeeded in attracting more backers for its scrap futures contract, but traders remain uncertain over the contract's immediate prospects.

The shindachi, or factory bundles, contract-the world's first scrap futures contract-was set to start trading Monday, with the number of brokers agreeing to support the contract having risen to 44 from just 10 brokerage houses in August, C-Com said.....

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