For those who haven't heard the news yet. ISE has listed FX options on the EUR, GBP, CAD and JPY on 4/16. The markets look pretty tight with 0.05 spreads, but the volume is not there yet.
Quote from arbs-r-us:
Anybody notice the Dec07 volatilities in CDD? Same picture in YUK. Looks like Timber's trader got picked off and is holding things "in his favor".
Any CME FX opt traders here? You might want to help timber out with their problem.
Quote from MTE:
For those who haven't heard the news yet. ISE has listed FX options on the EUR, GBP, CAD and JPY on 4/16. The markets look pretty tight with 0.05 spreads, but the volume is not there yet.