Finex Set To Launch Emerging FX
CURRENCY NEWS
DUBLIN—Finex, the currency futures and options exchange of the New York Board of Trade, aims to launch futures contracts on the Czech koruna and the Turkish lira later this year.
The move is a response to increasing demand from European funds keen to diversify outside of the eurozone, says Finex.
“With the launch of the euro you’ve lost a lot of cross-rates. A lot of interbank players and funds are looking to diversify into some of the more developing exotic currencies,” says Ivan Cummins, a
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