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BÉT introduces CAD/JPY, CHF/JPY contracts

The Budapest Stock Exchange (BÉT) started offering on Wednesday two new forex option contracts, a CAD/JPY contract and a CHF/JPY contract, with settlement in forints.

The contracts were introduced to meet demand on the market, the BÉT said in a statement. They will be traded in the same way and carry the same conditions as the other forex contracts with settlement in forints on the market. The contracts may be traded for delivery in either the closest two months following the trade or the closest March, June, September or December. The denomination of the contract is 1,000. The transaction fee for the contracts is Ft 8, the same as for the bourse's other forex option contracts.