The Insurance Futures Exchange (IFEX) has reduced the block trade minimum for all types of contracts it handles. Back in July they reduced the minimum block trade amount to 25 on it’s new North East and Eastern Seaboard contracts and now that minimum applies to all wind contracts available on the exchange. IFEX say that this will make trading easier and more convenient for brokers and will also bring the market more into line with the values used as minimums on the secondary cat bond market.
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