PHILADELPHIA – August 28, 2007
– 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 (WCOs) creating “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.
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 options on all major currencies. For more information about
the PHLX and its products, visit www.phlx.com.
