CME offers e-trading of weekly FX Options

CME Group has announced that it plans to offer electronic trading for weekly FX options on futures with American-style expiration. Beginning Monday, September 10, the weekly options on the following currencies, all trading against the U.S. dollar, will be available virtually 24 hours a day on the CME Globex® electronic trading platform: Euro, Japanese yen, British pound, Swiss franc, Canadian dollar and Australian dollar. For the American-style FX options with quarterly expiration, the exchange plans to initiate electronic trading of the third and fourth quarterly options contracts at the end of September. In addition, Horizontal and Risk Reversal option strategies for the most actively-traded American-style FX options will be launched on CME Globex. ...continued

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