ACOMEX Announces Selection of 4 Additional Market Makers for Eurodollar Options
Online, December 13, 2010 (Newswire.com) - Amsterdam, Netherlands - The Amsterdam Commodities Exchange (http://acomex.nl), today announced the selection of 4 leading trading firms to provide continuous, transparent and competitive markets for Eurodollar options on GLOBEX(R) when ACOMEX 's new state-of-the-art options trading functionality is launched in the first quarter of 2011.
The newly selected firms are among the most active participants in ACOMEX 's options on Eurodollar futures markets and join DRW Trading, who ACOMEX announced in November as a lead market maker in the program.
ACOMEX 's patent-pending Eurodollar options on GLOBEX technology will facilitate trading of complex combination and spread trades typically used with short-term interest rate options products in a fully transparent and competitive execution environment.
"The firms participating in our Eurodollar options on GLOBEX market maker program have years of experience in these highly sophisticated markets and already provide significant liquidity in our Eurodollar options complex," said Damian van der Boor, CEO of ACOMEX. "Their commitment to providing liquidity in this important new trading venue means ACOMEX will offer the Eurodollar options marketplace unparalleled flexibility, transparency and execution."
" ACOMEX 's Eurodollar options volume year-to-date has averaged over 500,000 contracts a day, up over 70 percent since 2009. Our new Eurodollar options on GLOBEX platform will offer real-time options pricing, 'two-click' execution and straight-through processing of trades and will bring a new level of sophistication and ease of use to global interest rate options market participants," said ACOMEX CFO Markus Piest. "While we're launching this new proprietary technology in our Eurodollar options market, we are establishing a plan to expand its benefits to other ACOMEX options markets in the near future."
The launch of Eurodollar options on GLOBEX will also result in greater liquidity and price transparency during non-floor trading hours, especially during European trading hours, in which ACOMEX 's Eurodollar futures contract has already seen significant growth in recent months.
Notes:
Statements in this news release that are not historical facts are forward- looking statements. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or implied in any forward-looking statements.