Europe's first exchange traded currencies launched on London Stock Exchange

Europe's first exchange traded currencies launched on London Stock Exchange

12/11/09

Europe's first exchange traded currencies (Currency ETCs) have today commenced trading on the London Stock Exchange. ETF Securities has admitted 18 Currency ETCs to the Main Market, offering long and short passive exposure to G10 currencies versus the US Dollar.

Pietro Poletto, Head of ETFs and ETCs for London Stock Exchange Group said:

"As the number one ETC exchange in Europe, and given London's reputation as the global centre for foreign exchange trading, we are proud to be the venue of choice for issuers looking to bring this new type of product into Europe.

"We aim to offer investors access to a wide range of investment opportunities while retaining the benefits of simplicity, transparency and central counterparty security that are integral to trading on-exchange. As such we are delighted to continue leading the diversification of Europe's exchange traded product offering by welcoming ETF Securities' new products today."

October 2009 saw record levels of trading in ETFs, ETCs and ETNs across the Group's markets with number of trades up 76 per cent to 382,000, and value traded up 34 per cent to £9.9 billion compared to the same period last year

The products admitted to market today are:

ETFS Long AUD Short USD ETFS Short AUD Long USD
ETFS Long GBP Short USD ETFS Short GBP Long USD
ETFS Long CAD Short USD ETFS Short CAD Long USD
ETFS Long EUR Short USD ETFS Short EUR Long USD
ETFS Long JPY Short USD ETFS Short JPY Long USD
ETFS Long NZD Short USD ETFS Short NZD Long USD
ETFS Long NOK Short USD ETFS Short NOK Long USD
ETFS Long SEK Short USD ETFS Short SEK Long USD
ETFS Long CHF Short USD ETFS Short CHF Long USD