Phlx Expects Mid-September Launch For 3-D Options, Customised Market

EXCHANGES

The Philadelphia Stock Exchange (Phlx) has finally received regulatory approval for its 3-D (Dollar Denominated Delivery) Deutsche mark options and plans to launch the product on September 12, officials say. When the contract was first announced, Phlx officials set a tentative launch of March 21 pending regulatory approval (FX Week, February 21).

Meanwhile, Phlx is still waiting for Securities & Exchange Commission (SEC) approval for its United Currency Options Market (Ucom); however, officia