More Exchange-Traded FX Options

By Grace Cheng on February 21, 2008 | More Posts By Grace Cheng | Author's Website

The forex market doesn’t just consist of SPOT forex or forex futures, but also forex options. The International Securities Exchange (ISE), the world’s largest equity options trading venue, announced on Tuesday that they will be launching two new ISE FX Options SM currency pairs. Options on the U.S. dollar/Australian dollar (Symbol: AUX) and the U.S. Dollar/Swiss franc (Symbol: SFC) will begin trading on February 21 2008.

Personally, I’m thrilled that SFC can now be traded because along with the EUR/USD, they are my top favourites when it comes to forex trading.

“We are excited to build upon the successful launch of our first four currency pairs by introducing two new currencies to the ISE FX Options product suite,” said Kris Monaco, ISE’s Director of New Product Development. “Volume and open interest in our initial FX options have gained significant momentum, and we are pleased to meet growing customer demand for exposure to additional currency pairs.”

ISE showed us around their electronic exchange in Wall St, New York, and you can see the video of it below.

Posted in Categories: Australia, Eurozone, Forex, Options, Switzerland, USA, Videos.

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