Market Data Advisory Notices
To | Market Data Distributors
From | Market Data Operations
Subject | Volatility-Quoted FX Options - Coming in February 2008
Notice Date | 2007-11-14
Notice Number | Q2007-289
Effective Date | 2007-11-14
CME Group plans to offer volatility-quoted FX options for trading on the CME Globex ® electronic trading platform, beginning in the first quarter 2008. Volatility – based quoting facilitates “ delta-neutral” trading, virtually eliminating the execution risk that is inherent to trading in premium-quoted options.