PBOT launches new futures contracts

PHILADELPHIA – The Philadelphia Board of Trade, a subsidiary of the Philadelphia Stock Exchange, launched six FX futures contracts last week (December 16).

The contracts (Australian dollar, sterling, Canadian dollar, euro, yen and Swiss franc, all versus the dollar) are currently floor traded but will become electronically traded at an unspecified point in the future, said a spokesperson.

The move marks a reintroduction for the exchange, which last offered currency futures 10 years ago, altho