Phlx Sees Quiet Start To New Peso Options
EXCHANGES
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 lies
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