Phlx Expects Mid-September Launch For 3-D Options, Customised Market
EXCHANGES
The Philadelphia Stock Exchange (Phlx) has finally received regulatory approval for its 3-D (Dollar Denominated Delivery) Deutsche mark options and plans to launch the product on September 12, officials say. When the contract was first announced, Phlx officials set a tentative launch of March 21 pending regulatory approval (FX Week, February 21).
Meanwhile, Phlx is still waiting for Securities & Exchange Commission (SEC) approval for its United Currency Options Market (Ucom); however, officials
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