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The Philadelphia Board of Trade (PBOT) announced today that it launched four new World Currency Futures (WCFs) covering the Australian Dollar (AD9), Canadian Dollar (CA9), Japanese Yen (JY9), and the Swiss Franc (SF9). Together, they compliment the previously launched British Pound (BP9) and Euro (EU9). The size of each PBOT World Currency Futures contract is 10,000 units of the underlying currency (1,000,000 for the Japanese Yen).
IKON Global Markets has been designated as market maker to provide liquidity and Fortis Clearing Americas, a division of Fortis Bank of Amsterdam, has joined PBOT as a member firm to offer clearing services.
IKON Global Markets is the premier provider of on-line trading services in the foreign exchange, futures and commodities marketplace for both individual traders and registered partners.
Fortis is an international provider of banking and insurance services to personal, business and institutional customers.
"PBOT World Currency Futures have the same underlying contract size as PHLX World Currency Options creating (WCOs) “mirror” contracts to allow traders the choice to place foreign exchange trades in either securities or futures accounts," said Daniel R. Carrigan, PHLX’s vice president of new product development. "Retail securities investors have demonstrated confidence in PHLX WCOs with the accumulation of open interest of 139,870 contracts. Accordingly, WCFs were created for investors seeking to express their views with retail-sized foreign currency futures” he said.
