ISE has determined the applicable margin levels for each currency product pursuant to ISE Rule 1202(d), which requires the Exchange to review five-day price changes over the preceding three-year period. The margin level is set at a level that would have covered price movements during the review period at least 97.5% of the time (“confidence level”). ISE will review these margin levels each quarter, in January, April, July, and October.
Upon completion of its review, ISE FX margin levels for the trading period October 15, 2008 – January 14, 2009 will be as follows:
|
Currency Product |
ISE Symbol |
Current Margin Level |
New Margin Level |
|
ISE FX Euro |
EUI |
2.4% |
3.6% |
|
ISE FX British Pound |
BPX |
2.4% |
3.0% |
|
ISE FX Yen |
YUK |
3.0% |
3.3% |
|
ISE FX Canadian Dollar |
CDD |
3.0% |
3.0% |
|
ISE FX Australian Dollar |
AUX |
3.6% |
5.1% |
|
ISE FX Swiss Franc |
SFC |
2.7% |
3.2% |
