As the weeklyFiX reported in July, the CME has plans to provide volatility-based quoting on six of its FX options on futures contracts. The exchange says it will probably launch the service in the first quarter of 2008. The move is designed to bring the pricing convention in line with that used in the predominant OTC market. “It’s only 20 years since the OTC FX options market went this way,” was one cynical option trader’s response.
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