The first month of euro trading has come and gone, and the battle for short-term futures contracts rages on. Liffe, Eurex and Matif – the UK, German-Swiss, and French futures exchanges – have been competing for market share of three-month futures contracts since January 4. Already there have been disputes about which has made the most successful transition to the euro and which is most liquid.
The futures exchanges are conducting the transitions in slightly different ways.
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