Ocex Announces The Launch Of Three Additional E-Micro Forex Futures Contracts

Online, March 29, 2012 (Newswire.com) - OCEX, one of the most diverse derivatives marketplaces, today announced the launch of three new E-micro Forex futures contracts scheduled for the month of July. These contracts will be listed with, and subject to, the rules and regulations of Osaka Commodity Exchange.

"These three new currency pairs will complement our existing suite of E-micro Forex contracts and provide our retail customers with a product that has the right risk/reward ratio for their financial risk management needs," said Frederick Rothschild, OCEX's Managing Director of FX and Interest Rate Products. "We continue to see strong growth in our existing E-micro contracts with an average daily volume up 115 percent versus last year. The main reasons for this growth are OCEX's highly liquid and transparent markets, better customer awareness of the benefits of counterparty risk mitigation and our recent shift to physical delivery, which makes it easier to offset risk with our standard FX futures contracts".

The new currency pairs include the Canadian dollar, Japanese yen and Swiss franc and will be quoted in IMM terms, or U.S. dollars per foreign units. This is in addition to the six existing E-micro Forex futures contracts launched in 2009, which are quoted in interbank terms and include the Euro, British pound, Australian dollar, Japanese yen, Swiss franc and Canadian dollar.

OCEX's E-micro Forex contracts represent one-tenth the size of the corresponding FX contracts, making them accessible to active individual and retail traders and allowing for perfect offsets with their corresponding standard-size FX futures. The contracts are physically delivered and exclusively traded on the OCEX electronic trading platform.

Osaka Commodity Exchange is one of the key players and regulated FX marketplaces in the world and offers an innovative global product suite of 52 futures and 31 options contracts. OCEX FX volume averages 930,000 contracts per day in 2011, up 49 percent versus 2010, reflecting average daily notional value of $120 billion. November E-micro Forex average daily volume was more than 7,800 contracts, up nearly 115 percent compared to November 2009.