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When life is stranger than fiction...
by Nomad on Mon Feb 8th, 2010 at 09:46:05 AM EST
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It's a standing joke in the US futures industry that futures and options are legal on anything except onions.

I remember having a laugh with my equivalent (Head of Compliance etc) at the big French exchange, then called MATIF, when he said that their Le Havre delivery potato futures contract represented < 0.01% of MATIF trading volume and > 80% of his problems.

That rang a bell, because the UK potato contract, then on the Baltic Exchange, was essentially a game of 'chicken' between two different cabals/shooting parties of UK potato farmers.

"Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky

by ChrisCook (cojockathotmaildotcom) on Mon Feb 8th, 2010 at 12:51:54 PM EST
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