As a reminder, volatility-quoted foreign currency options will be listed for trading on the CME Globex ® electronic trading platform on Sunday, March 9, 2008 for trade date March 10, 2008. Volatility–based quoting facilitates “delta-neutral” trading, reducing the execution risk that is inherent to trading in premium-quoted options. The volatility quoted options were previously announced in Clearing Advisory 07-271 dated November 9, 2007. Please see below link for more details:
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