Philadephia Stock Exchange (PHLX) filed plans with
regulators last week to launch currency options aimed at
The new cash-settled contracts were to begin trading in the
third quarter with dollar/euro and dollar/pound options but the
exchange has also developed plans to list 50 other world
currencies including Canadian dollar, yen and perhaps the
"We are out to deliver a currency product that currently
doesn't exist in the securities world today," explained Dan
Carrigan, PHLX vice president of product development, at the
options industry conference in Miami Beach, which took place
between 3 and 6 May.
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