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SYDNEY, Feb 1 Asia Pulse - The new Australian Derivatives Exchange (ADX) will start trading options on its three initial futures contracts Friday as part of efforts to build liquidity.
The contracts are the three month interest rates, five year bonds and the MSCI Aussie.
Exercisable at any time in the life of the underlying futures contract, ADX said the options represent the first step in a roll-out of new products over the coming months.
Trading volumes since the exchange opened on January 12 have been moderate, but steadily increasing.
ADX managing director John Herron said interest in all three contracts has been solid.
"As with our futures contracts, electronic market makers will facilitate their liquidity," he said.
Options on ADX three month interest rate futures will ...