CMC Markets adds new products and offices
NEWS
The baskets, to be launched within the next two months, will enable investors to trade a currency against a group of other units. There will be six to 10 baskets consisting of the majors as well as some region-specific currencies, according to Geoff Langham, head of trading at CMC Markets in London. CMC will create an index for each basket to represent the combined price fluctuation.
CMC Markets first mentioned the foreign currency tradable index at the opening of its new office in Hong Kong
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