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...