WASHINGTON -- The Chicago Board of Trade said its municipal bond futures and futures options contracts will be traded on an after-hours computer system that is being launched today.

The exchange said the contracts will be traded on the exchange's Project A system, which is available initially in Chicago and New York and will trade Monday through Thursday from 2:30 p.m. to 4:30 p.m., central time.

The municipal bond futures and futures options were launched on the exchange in 1985 and are based on The Bond Buyer's 40-bond index.

Other contracts to be listed on Project A include the exchange's U.S. Treasury note futures and options, 30-day federal fund futures, U.S. Treasury bond futures and options, and Canadian bond contracts.

The exchange is planning to start an overnight session later this year. It said it has also signed an agreement with Bloomberg Financial Markets to make Project A available on Bloomberg terminals by early 1995.

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