In an unusual deal, the International Securities Exchange announced on Tuesday October 28 that it has licensed its ISE FX options contracts to NYSE Arca Options, the rival exchange.
It is rare for one US options exchange to license a proprietary contract to a competing exchange. NYSE Arca does not offer its own FX options.
Kris Monaco, director of new product development at ISE in New York, told Futures and Options Intelligence that the deal marks a new way of thinking in...