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To: Tommaso who wrote (13103)	8/23/2000 1:08:20 PM
From: Mark Adams	Respond to of 436258

There was a time when I'd just go down to the Bank of America and buy the currency I wanted. After all, the spreads were less than 1%. And usually I bought what I could use on vacation. But this is no way to hedge, given the leverage options can provide. There was a bank, St Louis Mercantile if I remember, that allowed you to open a deposit account in most of the major currencies, even earn interest on foriegn CDs. But the interest rates were low at the time, 2-3%. I believe the bank was bought by another, but I bet they still have this type of function available. Regarding the quotes, I see that if I stick ADW into the CBOE delayed quotes, I get options listings that seem to make sense. I think you might want to take this up with your broker/quote provider. I am interested in what you find- I think your bringing this up has prompted me to look into it a little further than last spring- I may even try to open a position with a normal online broker.