Crunch Risk trades 1,400/T on CME scrap contract

Oct 04, 2012 | 04:57 PM |

Tags  scrap, Crunch Risk, busheling, CME Group

NEW YORK — Crunch Risk LLC traded contracts representing 1,400 gross tons on CME Group Inc.’s new No. 1 busheling futures contract Thursday, it said, marking the first midsized trade for the fledgling product.

"This is the first sign of some volume going through, as modest as it might be, and that’s a start. My sense is it will garner more and more interest," Crunch Risk chief executive officer André Marshall told AMM.....

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