The CME is going to make its American-style weekly FX options on euro, yen, sterling, Swiss franc, Canadian dollar and Australian dollar available on its Globex trading platform from Monday. “We see increasing demand from our global customer base to provide further trading efficiencies in these products so we will continue to serve the global FX market by expanding electronic access to our markets, adding new options trading functionality and developing innovative new products,” says Derek Sammann, managing director, CME Group FX products.
For 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 Globex.