The Philadelphia Stock Exchange Announces Launch Of World Currency Options On Japanese Yen, Swiss Franc, Canadian Dollar And Australian Dollar

The Philadelphia Stock Exchange announced today that it launched dollar-settled World Currency Options on the Japanese Yen (XDN), Swiss Franc (XDS), Canadian Dollar (XDC) and Australian Dollar (XDA).

"Today’s launch of World Currency Options on the remaining major currencies represents PHLX’s commitment to provide retail securities investors with direct access to the rapidly growing foreign exchange markets," said Daniel R. Carrigan, PHLX’s vice president of new product development. "In the near future, we are planning to introduce “mirror” or sister World Currency Futures contracts to extend our multi-product exchange suite,” he said.

Timber Hill, Inc., an affiliate of Interactive Brokers Group, will be the specialist for the XDA and the XDC.

Susquehanna Investment Group will be the specialist for the XDN and the XDS.

The Philadelphia Stock Exchange was founded in 1790. The PHLX trades more than 7,000 stocks, 2,520 equity options, 19 sectors index options and currency options. For more information about the PHLX and its products, visit www.phlx.com.