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FX Options
ISE FX Options® provide investors with exposure to rate movements in the global foreign currency market. These are exchange-listed securities that can be easily traded through all options-enabled brokerage accounts. See below for ISE's list of currency pairs.
 

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With ISE FX Options, you have instant access to a new investment strategy that allows you to trade your views on the strength or weakness of the U.S. Dollar. All ISE FX Options have U.S. Dollar-based underlying values, which are scaled as needed to create an underlying value similar to traditional equity or index options.
 
For example, if the current USD/EUR rate is .6750 (0.6750 EUR per 1 USD), the underlying value for the ISE Euro FX Option would be 67.50. This format allows investors to easily adopt the trading strategies they currently use for equity and index options. ISE FX Options are cash-settled, which eliminates the need for investors to hold the actual foreign currency. Using this approach, investors will recognize that U.S. Dollar-strength is exhibited when a rate increases, and U.S. Dollar-weakness when a rate decreases. 
  
 
Currency Table
Investors can access the underlying rates for ISE FX Options from several leading market data vendors and financial websites, including Big Charts, Bloomberg, ILX, Reuters, and Yahoo! Finance.


FX SUMMARY TABLE
CURRENCY NAMECURRENCY CODECONVENTIONSYMBOLBINFX PMMHISTORICAL RATES
ISE FX Australian dollar(AUD)USD/AUDAUX81Timber Hill LLCdownload
ISE FX British Pound(GBP)USD/GBPBPX81Timber Hill LLCdownload
ISE FX Canadian Dollar(CAD)USD/CADCDD81Timber Hill LLCdownload
ISE FX Euro(EUR)USD/EUREUI81Timber Hill LLCdownload
ISE FX Swiss franc(CHF)USD/CHFSFC81Timber Hill LLCdownload
ISE FX Yen(JPY)USD/JPYYUK81Timber Hill LLCdownload
Options involve risk and are not suitable for everyone. Prior to buying or selling an option, a person must receive a copy of CHARACTERISTICS AND RISKS OF STANDARDIZED OPTIONS. Copies may be obtained from your broker, one of the exchanges or The Options Clearing Corporation. TRADING Central, a leading investment research provider, is a registered investment advisor, not a broker-dealer. TRADING Central is not affiliated with the International Securities Exchange, however ISE compensates TRADING Central for performing this research, including generating FX option trading alerts. Investors should exercise judgment and perform adequate due-diligence prior to making any investment.