PHLX To Launch Mark/Yen Options This Month, After Year-Long Delay

EXCHANGES

Foreign denominated Deutsche mark/yen cross rate options will finally start trading at the Philadelphia Stock Exchange (PHLX) this month, sources close to the exchange say. Although officials there decline to provide a final launch date by press time, these sources say that the exchange is shooting for a November 22 start, pending regulatory approval, which is expected shortly.

The tentative date comes more than a year after PHLX participants and officials there had originally hoped, slowed