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CME to launch eastern European FX contracts

The Chicago Mercantile Exchange is to expand its forex products family, listing six new foreign exchange futures contracts in eastern European currencies in July. The move comes on the heels of two other initiatives in the foreign exchange market.

The new contracts will include dollar and euro crosses on the Polish zloty, Hungarian forint and Czech koruna. The contracts are scheduled to launch July 11 electronically and a day later on the trading floor. The six additional contracts will bring the Chicago Mercantile's foreign exchange contracts to 36. The exchange will also offer options on the new contracts.

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