Correspondent, Chicago
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Apr 19, 2013
Apr 19, 2013
Apr 19, 2013

Chicago Board of Trade seat prices rise on bets Fed’s QE3 may end

CHICAGO/SAN FRANCISCO, April 19 (Reuters) – Trading firms
are snapping up memberships at the Chicago Board of Trade as
signs that Federal Reserve policymakers may pare back their
massive monetary stimulus boost Treasury futures trading.

CBOT seats that give the right to trade Treasury futures at
the cheapest rates have jumped 30 percent in price since the
beginning of the year, with one fetching $100,000 on Thursday in
the private seat market that CME Group runs for members
of each of its five futures exchanges, including CBOT.

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    • About Ann

      "Coverage includes Federal Reserve regional banks, U.S. monetary policy, interest-rate futures markets, and financial exchanges and clearinghouses serving the derivatives marketplace, including CME Group."
      Joined Reuters:
      2010
      Languages:
      English, Japanese
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