FTSE Curex FX Index series launched

FTSE and Cürex Group have announced their worldwide partnership and the launch of the FTSE Cürex FX Index Series, a new range of independently calculated, 24/5 streaming, executable spot FX benchmark FIX for currency pairs and currency baskets.

First Published by e-Forex News: July, 2012

Mark Makepeace

Mark Makepeace 

FTSE and Cürex Group have announced their worldwide partnership and the launch of the FTSE Cürex FX Index Series, a new range of independently calculated, 24/5 streaming, executable spot FX benchmark FIX for currency pairs and currency baskets. The FTSE Cürex FX Index Series provides the next generation of FX valuation and performance benchmarking for global capital markets.  By establishing real-time Bid and Offer spot FX indices on 192 currency pairs (FTSE Cürex FIX), from multiple independent contributors and at multiple depths of liquidity, global capital markets benefit from improved clarity when viewing previously opaque foreign exchange pricing.

Mark Makepeace, Chief Executive of FTSE Group, said: “FX is the World’s largest capital market and currency exposure affects investors in all asset classes. This new series of FX indices will be used by our clients world-wide as a better benchmark for managing currency risk and performance, and will support a wide range of passively managed FX currency funds and strategies.”