Four ISE forex contracts go live
NEWS
The launch demonstrates the heightened interest exchanges are placing on FX, with others, such as the Intercontinental Exchange, recently enabling electronic trading in Nybot FX products (FX Week, March 19).
The ISE contracts are the first FX-based contracts to trade on ISE. They are cash-settled in US dollars, and will reference indexes based on the USD/EUR, GBP/USD, USD/JPY and USD/CAD cross-rates. The aggregate volume traded on the first day of trade reached 101 contracts.
Bruce Goldberg
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