NASDAQ Futures Exchange: World Currency Futures and Options
The launch of the WCFO product by PHLX (Later NASDAQ/PHLX) marked a new beginning for retail investors to participate in the global foreign exchange marketplace. By structuring their product around smaller contract sizes, the WCFO has developed open interest (the amount of open long and short contracts) of US 7.5 Billion notional amount. IKON GM was selected for their technology expertise, integrity and market making acumen. IKON was appointed a primary market maker on NASADQ/PHLX.
Dubai Gold and Commodities Exchange: Foreign Exchange and Bullion Products
As the leading market in the Middle East for Foreign Exchange and Bullion Derivatives (1 million contracts with a notional value of US 52 Billion for the period Jan to Sept 2008), the promoters of DGCX selected IKON GM to be a primary market maker. In the 12 months since activation, IKON has been responsible for 30% of the daily turnover on FX products and is consistently a top 5 volume leader.
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