ETF Securities lists 18 new forex products in London

The products are debt securities that are 100% collateralised with bonds and equities obtained through a swap with Morgan Stanley, and held in a custody account with Bank of New York Mellon. The products compete directly with exchange-traded funds (ETFs), which are issued as equity shares in a currency fund, and exchange-traded notes that are non-collateralised debt securities.

The products will track Morgan Stanley's MSFX Currency Indexes and ETF Securities is licensed to create products

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