After the inaugural speeches ended, the computers started flashing in the fancy new trading room off Wall Street, and the voices of a hundred traders rose in a din. Thus last week the New York Futures Exchange opened for business as Manhattan's entry into the hottest form of commodity investment to come along in years: financial futures.
The N.Y.F.E. (pronounced knife), which is located adjacent to its parent, the New York Stock Exchange, is the first major diversification in the N.Y.S.E.'s 188-year history. The new exchange aims to become an important international...
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