CME's new futures contract: Employment

The Chicago Mercantile Exchange will launch a new futures contract in April that will allow people to bet on the government's nonfarm payrolls indicators. Such contracts have been gaining steam in recent years. The idea is not news, Business Week Online notes. Goldman Sachs and Deutsche Bank have made markets for years. The CME thinks it will find eager users, but others believe that there is not a market among hedgers. Good marketing may, however, be able to interest traders who bet on currencies and the like. Still, a lack of natural hedgers may undermine the market. We'll see.  

For more:
- here's the Business Week Online article

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