The new market for housing futures at the Chicago Mercantile Exchange has been slow to develop – 3,200 contracts traded at an exchange with a daily volume of 5 million – but improvements are on the way, according to a story in today’s Chicago Sun-Times. Later this year, the Merc will offer residential contracts with more distant expiration dates (something customers have requested), and in early 2007, it plans to begin trading commercial real estate futures.
(Visited 20 times, 1 visits today)