Philly Exchange Eyes Bulging OTC Market Seeks To Lasso Users With OTC-Like Products
EXCHANGES
The Philadelphia Stock Exchange (PHLX), in attempt to capture more business from the growing over-the-counter currency options market, is searching for new products that "look, smell and taste" like an OTC option, according to Nicholas Giordano, president of the exchange.
Officials say that the over-the-counter currency options market has grown at the expense of exchange-listed options, and "now we as an exchange have to look at what's happening in the marketplace and how can we adapt our way of
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