iBoxxFX launches new family of currency indices

International Index Company Limited (IIC), the leading independent provider of bond and credit derivative indices, has announced the launch of a new family of currency indices, the iBoxxFX trade-weighted FX indices.

First Published by e-Forex News: January, 2007

International Index Company Limited (IIC), the leading independent provider of bond and credit derivative indices, has announced the launch of a new family of currency indices, the iBoxxFX trade-weighted FX indices. The indices provide a new set of superior benchmarks in FX. They were developed by IIC in conjunction with leading investment banks and are constructed in line with IICs established philosophy: fully rules-based, transparent, objective and accessible to all.<br>
David Mark, Chief Executive of IIC, said, In addition to trading bi-lateral currency pairs, as FX market participants have always done, customers can now trade single currencies or specific macro-economic blocks. This will facilitate the development of structured products based on the indices in this increasingly important asset class.