PHLX Eyes One-Weeks, Ad-Hocs Night Session Hangs In Balance

EXCHANGES

The Philadelphia Stock Exchange (PHLX) is gearing up to submit two new currency option contract proposals to the Securities and Exchange Commission (SEC). The exchange, which is still working on a proposal to set up a cross-margining agreement with the Finex (FX Week, November 9), and debating the fate of its night session, is currently preparing filings for an 'ad-hoc' currency options contract and a one-week cash-settled Deutsche mark options contract, says PHLX senior vice president Josep