ISE FX Options reached a record daily trading volume of 64,963 contracts on March 28, 2008.
ISE currently lists options on six currency pairs, and open interest for all ISE FX Options equals 526,569 contracts.
“This is the first time that daily FX Options volume has exceeded 50,000 contracts, and we are very excited to have reached this important milestone. As we approach the one year anniversary of the introduction of ISE FX Options, we are continuing to broaden the reach of the FX product suite and are gaining significant momentum in trading this new asset class at ISE,” says Kris Monaco, director of New Product Development, ISE.
ISE launched FX Options on 17 April 2007 and currently offers FX Options on the US dollar/euro, US dollar/British pound, US dollar/Japanese yen, U.S. dollar/Canadian dollar, U.S. dollar/Australian dollar and the US Dollar/Swiss franc.
As exchange-listed securities, ISE FX Options can be easily accessed through most major brokerage accounts that are approved for trading equity and index options. These products are cash settled and have European style exercise.