Wall Street & Technology is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Fixed Income

10:40 AM
Leslie Kramer
Leslie Kramer
Connect Directly

NYSE Arca Options to List ISE FX Options

The International Securities Exchange and NYSE Euronext have entered into an agreement to license the right to list ISE FX Options products on the NYSE Arca Options platform. This allows NYSE Arca Options to trade options on all currency pairs traded at ISE. The unique, dollar-based structure of ISE's FX options creates an underlying value similar to traditional equity or index options and provides investors with a simple tool to trade their views on the strength of the U.S. dollar in relation to foreign currencies. NYSE Arca Options began trading options on the first of six currency pairs, the U.S. dollar/euro, on Monday, October 27, 2008. The products are fungible with ISE's existing FX options contracts.

"We are very excited that, in partnership with NYSE Arca, we are extending the reach of FX options to a wider range of market participants," said Kris Monaco, director of new product development at ISE. "All investors who currently trade FX options at ISE will benefit from this collaboration as it allows us to attract more investors to the market, thereby deepening the available liquidity in these products," he noted. "Adding FX options to our platform demonstrates our commitment to providing investors with access to a diverse suite of options products that span multiple asset classes," said Edward Boyle, senior vice president, NYSE Arca Options. "The innovative structure of these products will allow investors to easily apply the trading strategies they currently use for equity and index options to FX trading," he added.

In the coming weeks, NYSE Arca will list all FX options contracts traded at ISE: the U.S. dollar/euro (Symbol: EUI), the U.S. dollar/British pound (Symbol: BPX), the U.S. dollar/Japanese yen (Symbol: YUK), the U.S. dollar/Canadian dollar (Symbol: CDD), the U.S. dollar/Australian dollar (Symbol: AUX) and the U.S. Dollar/Swiss franc (Symbol: SFC).

Register for Wall Street & Technology Newsletters
Exclusive: Inside the GETCO Execution Services Trading Floor
Exclusive: Inside the GETCO Execution Services Trading Floor
Advanced Trading takes you on an exclusive tour of the New York trading floor of GETCO Execution Services, the solutions arm of GETCO.