ICE to compete with CME in currency block trades - Future and Options Intelligence

ICE to compete with CME in currency block trades 08 Jul 2009

ICE Futures US will allow block trades in currency pair futures contracts from today (July 8). ICE already allows block trading in most of its financial products.

There is a minimum block trade quantity which varies from contract to contract. This is based on the liquidity of a contract – less liquid products require a higher quantity threshold – and are determined by the Commodity Futures Trading Commission.

“We’ve had customer demand for FX blocks and FX EFPs [exchange for physicals],” said Ray McKenzie, head...

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“Enhancing OTC market regulation is of critical importance, but it must be done in a way which allows markets to continue to fulfil their economic role”

Anthony Belchambers, chief executive, Futures and Options Association

FOi - Futures and Options Intelligence

ICE to compete with CME in currency block trades 08 Jul 2009

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