The Philadelphia Stock Exchange announced today that open interest for dollar-settled World Currency Options (WCO) on the Euro (XDE), British Pound (XDB), Australian Dollar (XDA), Canadian Dollar (XDC), Swiss Franc (XDS) and Japanese Yen (XDN) surpassed 500,000 contracts for the first time (503,773 as of October 26, 2007).
"World Currency Options afford the retail and institutional investor foreign exchange efficiency of access and liquidity during periods of market volatility," said Daniel R. Carrigan, PHLX’s vice president of new product development.
The Philadelphia Stock Exchange was founded in 1790. The PHLX trades over 7,000 stocks, 2,639 equity options, 17 sectors index options and currency options and futures. For more information about the PHLX and its products, visit www.phlx.com.
