"Our FINEX Exchange's currency products have numerous unique investment opportunities," said Charles H. Falk, President and CEO of NYBOT. "With the offering of the Hungarian Forint and these Czech Koruna contracts, market users can now capitalize on currency futures and options and reap all the benefits that these new contracts offer."
The US Dollar-Forint contract is US$200,000 and the Euro-Forint contract is 100,000 Euros. Both contracts trade from 3:00 a.m. - 3:00 p.m. (NY time) and have a physical delivery. Due to settlement issues, both the US Dollar-Forint contract and the Euro-Forint contract have a last trading day that is one day earlier than most FINEX currency contracts. The last trading day for the US-Dollar-Forint and Euro-Forint is the third business day prior to the third Wednesday of the contract month.
The US Dollar-Czech Koruna is US$200,000 and the Euro-Czech Koruna futures contract is 100,000 Euros. The contracts will trade from 3:00 a.m. - 3:00 p.m. (NY time) and also have a physical delivery.
Contract specifications and rules for both new products are available at www.nybot.com.
The New York Board of Trade (NYBOT) is the parent company of the Coffee, Sugar and Cocoa Exchange, Inc. (CSCE) and the New York Cotton Exchange (NYCE®). Through its two exchanges, NYBOT offers an expanding range of agricultural, currency and index products. Information about the New York Board of Trade can be found at www.nybot.com and www.nybotlive.com.
