The New York Board of Trade® (NYBOT®) announced today that due to a bank holiday in Japan on Wednesday, March 21, 2007, as per exchange rules, all Japanese yen related currency pairs will have the following Last Trade Day and Delivery Day for the March 2007 Quarterly Expiration:
Last Trade Day: Monday, March 19
Delivery Day: Thursday, March 22
The following currency pairs will adhere to this schedule:
US dollar – Japanese yen
Small US dollar – Japanese yen
Euro – Japanese yen
British pound – Japanese yen
Australian dollar – Japanese yen
New Zealand dollar – Japanese yen
Swiss franc – Japanese yen
Canadian dollar – Japanese yen
Norwegian krone – Japanese yen
Swedish krona – Japanese yen
All other currency pairs will have the standard quarterly expiration schedule: Last Trade Day: Monday, March 19; Delivery Day: Wednesday, March 21.
Also, because of the March 21 bank holiday in Japan, under the respective contract rules the delivery timetable for the expiring March 2007 USDX and Euro Index future contracts is affected: delivery of Japanese yen and the respective U.S. dollar/euro amounts attributable to the yen, which would normally take place on March 21, will be deferred until March 22.
NYBOT’s currency futures marketplace has seen considerable growth over the past three years, including a 53% growth during the 2005 trading year. The NYBOT’s currency products division, which was established in 1985, trades a variety of currency futures and options on futures, including Euro-based currency pairs, U.S. dollar-based pairs, as well as other key cross-rate currency contracts including Japanese yen-based and British pound-based pairs. The NYBOT is also the exclusive marketplace for U.S. Dollar Index® (USDX®) and the FINEX® Euro Currency Index futures and options.
The New York Board of Trade (NYBOT) is New York’s original futures exchange, where the world trades food, fiber and financial products. For well over a century, the New York Board of Trade has provided reliability, integrity and security in a global marketplace for cocoa, coffee, cotton, ethanol, orange juice, wood pulp and sugar, as well as currency and index futures and options. Information about the New York Board of Trade can be found at www.nybot.com and www.nybotlive.com. To learn more about New York Board of Trade Futures & Options for Kids, the Exchange’s non-profit group, please go to www.futuresandoptionsforkids.org.