Phlx Sees Quiet Start To New Peso Options


PHILADELPHIA--The Philadelphia Stock Exchange (Phlx) began its first foray into emerging markets on September 14, with the launch of customized Mexican peso options; however, no contracts traded on day one.

The launch makes a total of 11 currencies available on its United Currency Options Market (Ucom).

Ucom allows Phlx customers to customize transaction details, including the currency pair, expiration date, strike and settlement price.

A spokesperson for the exchange claims Ucom's advantage

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