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Hotspot, a CBOE company, has conducted the first outright deliverable forward FX deal over its network and is also about to allow non-deliverable forwards for listing on its swap execution facility.
The outright deliverable forward FX deal, conducted last week, was a one month euro/dollar trade, of $100,000 notional value. According to Hotspot, the transaction is the first such anonymous trade by market participants over a trading network.
Bryan Harkins, head of US Equities and Global FX at CBOE, said of the FX deal: "When we...