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Products December 8, 2004
HedgeStreet Offers Online 'Hedgelets' Product
December 8, 2004 (PLANSPONSOR.com) - HedgeStreet
Inc. has announced the launch of "Hedgelets", a tool that
lets retail and institutional investors hedge or speculate on
year-end 2004 and daily levels of key economic
variables.
Reported by Kip McDaniel
The exchange’s Hedgelets that expire at the end of the year are gasoline, gold, Euro-dollar and Dollar-Yen (For more, please see www.hedgestreet.com/yearend ). Ones that are available daily are for gold, Euro-Dollar, Pound Sterling-Dollar and Dollar-Yen (For more, please see www.hedgestreet.com/spot ).
HedgeStreet, which opened in October, is available to individuals after a $500 initial deposit. The Hedgelets come in contract sizes of $10.
HedgeStreet ( www.hedgestreet.com ) is a financial market regulated by the Commodity Futures Trading Commission. Based in San Mateo, California, the company is privately held.