NexTrade Futures Exchange details plans
08 Sep 2003
Florida-based ECN NexTrade, which has filed an application with Commodity Futures Trading Commission to create the NexTrade Futures Exchange, plans to introduce a new type of options on futures contract as part of the new exchange's product mix.
Frank Bachinsky, head of NexTrade exchange operations in Clearwater, Florida told FO Week that NexTrade plans to offer a patented "expirationless" options on futures...
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