Bloomberg Anywhere Remote Login Bloomberg Terminal Request a Demo

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Nasdaq to Offer Options on U.S. Treasury Securities This Month

Feb. 6 (Bloomberg) -- Nasdaq OMX Group Inc., the second-biggest U.S. exchange operator, will offer options on U.S. Treasury securities to allow buyers to hedge interest-rate risk.

Trading of options for 10- and 30-year securities will begin Feb. 19 on the company’s Philadelphia-based Nasdaq OMX PHLX exchange. The contracts, which provide the right, but not the obligation to buy or sell a set amount of a security within a predetermined time, will be settled for a specific Treasury and have a $10,000 face value, according to details on the New York-based Nasdaq’s website.

Nasdaq’s options will compete with those from the Chicago-based CME Group Inc., which reported a record 1.17 million options on Treasury futures contract traded on Feb. 1. The Bank of New York Mellon Corp., the world’s largest custody bank, is working with Nasdaq to offer the options.

To contact the reporters on this story: Liz Capo McCormick in New York at Emccormick7@bloomberg.net

To contact the editor responsible for this story: Dave Liedtka at dliedtka@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.