TITLE

CBOT Names ASA as Muni Futures Market Maker

AUTHOR(S)
Fine, Jacob
PUB. DATE
December 2004
SOURCE
Bond Buyer;12/17/2004, Vol. 350 Issue 32032, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports that the Chicago Board of Trade (CBOT), on December 16, 2004, announced the appointment of Alternative Strategy Advisers LLC as an electronic market maker for its 10-year municipal note futures contract. Beginning on January 3, 2005, Alternative Strategy Advisers LLC will provide continuous two-sided markets on CBOT's electronic trading platform in municipal futures between 7:20 a.m. and 2:00 p.m. Central Standard Time. CBOT started the current version of the municipal futures contract in 2002 to replace an older version which was based upon the Bond Buyer 40 index and had suffered from declining trading volume as some charged its settlement prices were being manipulated.
ACCESSION #
15417490

 

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