LIT America Set To Offer EFP's On Finex's Dollar Index Futures
NON-BANKS
LIT America will start offering a market in exchange for physicals (EFP) in the Finex's U.S. Dollar Index futures Monday, September 23. Officials at LIT say that the firm will offer EFPs in the Dollar Index on a not-held basis between 6 and 10 p.m. New York time, though hours may be extended thereafter if demand warrants it.
Though Credit Lyonnais Rouse Ltd. offered a similar program several years ago, LIT will be the only institution to offer EFPs in the Dollar Index, says Neal Merbaum, vice
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