Banks team up to launch benchmark currency indexes
NEWS
iBoxx, a bank-owned consortium that was established in 2001 to provide multiple-contributor fixed-income indexes, said the trade-weighted indexes will increase accessibility of currency investing to the wider market.
David Mark, chief executive of iBoxx in Frankfurt, said: "In addition to trading bilateral currency pairs, customers can now trade single currencies or specific macro-economic blocks. This will facilitate the development of structured products based on the indexes in this
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