CME aluminum contract good for mart: traders
May 08, 2014 | 06:42 PM
| Nathan Laliberte
NEW YORK Initial reactions to CME Group Inc.s new aluminum futures contract have been mostly positive, although sources warned that the long-term success of the contract hinges on active participation from all sides of the market.
"Were quite interested and supportive of it," one trader said of the contract. "We believe anything that can add more liquidity and bring clarity to the market is good."
Prior attempts to establish aluminum futures contracts were hampered by "limited warehouse locations, shape restrictions" and muted interest from market participants, the trader noted.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.