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The International Securities Exchange (ISE) today announced that it has expanded its suite of ISE FX Options® with the launch of three new currency pairs. Options on the New Zealand dollar (Symbol: NZD), Mexican peso (Symbol: PZO) and Swedish krona (Symbol: SKA) began trading on August 3, 2009. Timber Hill is the Primary Market Maker for these new products.
"The expansion of our FX options product offering reflects an increasing demand from investors to trade their views on the strength or weakness of the U.S. dollar in an exchange-listed environment," said Kris Monaco, ISE's Director of New Product Development. "ISE FX Options allow traders to hedge their exposure to rate movements in the most widely traded global currencies with the benefit of full price transparency, central clearing and exchange functionality, including the ability to automatically execute multi-leg spread orders."
ISE currently trades FX Options on six currency pairs: U.S. dollar/euro (Symbol: EUI), U.S. dollar/British pound (Symbol: BPX), U.S. dollar/Japanese yen (Symbol: YUK), U.S. dollar/Canadian dollar (Symbol: CDD), U.S. dollar/Australian dollar (Symbol: AUX) and the U.S. Dollar/Swiss franc (Symbol: SFC).
ISE FX Options are accessible through most major brokerage accounts that are approved for trading equity and index options. These products are cash settled and have European style exercise. For more information about ISE FX Options, please visit www.ise.com/fx.
