ECU Trading Gathers Momentum In London Now In Top Ten, Though Liquidity Still Spotty
BANKS
While debate in the EC still rages over when and whether it will have a single currency, trading in the ECU has continued to grow at a respectable pace. Major players in London say that while liquidity is not always all it should be, the phenomenal growth in the ECU bond market and recent decisions by Scandinavian countries to tie their currencies to the ECU has boosted the basket currency to about 8th or 9th place in overall volume in London. That's well up from the somewhere between 15th and
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