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Nasdaq OMX PHLX plans four new world currency options

09 July 2009  |  1289 views  |  0 Source: Nasdaq OMX

The Nasdaq OMX Group (Nasdaq:NDAQ) announced today that its options market Nasdaq OMX PHLX will launch four new PHLX World Currency Options on Monday, July 13, 2009.

The new currencies include the Mexican peso (XDM), New Zealand dollar (XDZ), South African rand (XEV) and Swedish krona (XEH). All four new currency options trade and settle in U.S. dollars and are exercised European-style.

"With these four new World Currency Options on NASDAQ OMX PHLX we are broadening the product offering to retail securities investors that continue to show interest in the growing foreign exchange market," said Tom Wittman, President of NASDAQ OMX PHLX. "Our slate of FX options are easy to understand and designed to help meet the demands of our customers that are more actively looking for currency options as an investment or trading tool," added Mr. Wittman.

Susquehanna Securities will be the specialist for the XDM, XEV and XEH. Timber Hill, Inc., an affiliate of Interactive Brokers Group, will be the specialist for the XDZ.

The four new currencies bring the total to ten PHLX World Currency Options including the: Australian dollar (XDA), British pound (XDB), Canadian dollar (XDC), Euro dollar (XDE), Japanese Yen (XDX), and the Swiss franc (XDS).

The PHLX World Currency Options(r) are available through most brokerage firms that offer equity and index options trading and account for more than 80% of the currency options volume cleared by The Options Clearing Corporation.

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