| CME Israeli Shekel Futures and Options Begin Trading May 8 Foreign exchange (FX) trading for the U.S. dollar versus the Israeli shekel is growing. To provide risk management tools for this currency and to broaden the range of opportunities available in its FX marketplace, CME has developed CME Israeli Shekel futures and options. The United States is Israel's number one trading partner for both imports and exports, with total trading of more than $21.2 billion in 2005. CME Israeli Shekel futures and options are traded electronically, virtually around the clock from Sunday afternoon to Friday afternoon on the CME Globex® trading platform. They are physically delivered contracts with standard quarterly expirations, traded in terms of U.S. dollars per shekel. Benefits of Trading
Risk management opportunities for businesses and institutions with U.S. dollar -
Israeli shekel exchange rate risk
Open, fair and anonymous trading
All exchange fees are public and bid/offer spreads are tightened by CME's large
pool of FX liquidity
Global access to CME electronic FX markets virtually 24 hours a day
Access to over $48 billion in liquidity each day in the CME's FX trading complex
Guarantee of counterparty credit and central clearing by CME Clearing For more information on CME Israeli Shekel futures and options, click here. |