Etrade adds CME foreign exchange futures
Like the E-mini stock index products, the FX futures trade on a quarterly cycle, and have a comparable open-outcry contract that trades simultaneously, so offering opportunities for increased liquidity, said the CME.
The addition of these futures contracts follows the recent appointment of Jack Sandner as head of the futures group at Etrade, and marks the firm’s expansion in derivatives, said Lou Klobuchar, chief brokerage officer.
E-mini forex products reflect changes in the US dollar value relative to the euro or yen, and are half the size of a standard futures contract.
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