Exchange Traded Currencies (Currency ETCs)
ETF Securities launched the world’s largest and Europe’s first Exchange Traded Currency (Currency ETCs) platform in November 2009, with 12 November 2009 marking the first day FX could be traded on the London Stock Exchange (LSE).
Currency ETCs enable investors to gain exposure to foreign exchange movements through a listed security. Currency ETCs track currency indices which aim to reflect movements in exchange rates between two currencies, plus exposure to local interest rates. ETFS-branded currency ETCs are secured, undated, zero coupon notes that are designed to accurately track the underlying currency index. In 2010, ETF Securities expands its Currency ETCs platform with the listing of 16 Triple Long and Triple Short Currency ETCs on the London Stock Exchange. These products aim to reflect three times the daily percentage change between two currencies.
The Currency ETC platform is now listed on the London Stock Exchange, Borsa Italiana and Xetra (Deutsche Boerse) offering investors: - 58 Delta-1 Currency ETCs: 31 Long and 31 Short, USD, EUR and GBP based, exposure to G-10 currency pairs and 2 emerging market currencies (CNY and INR)versus the USD - 28 Triple Currency Long and Triple Short ETCs: 14 Triple Long and 14 Triple Short, USD, EUR and GBP based
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