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The International Securities Exchange (ISE) today announced that 5,328 Foreign Exchange (FX) Options contracts were traded on Friday, November 8, 2013, the highest FX Options volume, year-to-date.
Boris Ilyevsky, Managing Director of ISE’s Options Exchanges said, “Through ISE, investors have access to the full suite of the most actively traded currency pairs, in a cash-settled options product. With tight markets, quoted in penny ticks by competing liquidity providers, ISE’s FX Options offer investors an exchange-listed and centrally cleared alternative to other FX products available to the retail and professional markets.”
Similar to equity, ETF or index options, FX Options are available to any investor that has an options-enabled brokerage account. FX Options are eligible for all existing exchange order types and functionality, including multi-legged strategy orders. These products are securities issued under the jurisdiction of the SEC, which require no swap dealer registration and are cash-settled in U.S. dollars with European-style exercise.
ISE* lists options on the ten most actively traded currency pairs. For the full list of FX Options and additional product details, please visit www.ISE.com/FX.
*FX Options are not yet available on ISE Gemini.
