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Driving the IntercontinentalExchange’s (ICE) FX trading products are their Dollar Index futures and options. Although the ICE’s products include an array of different currencies, the Dollar Index composes the majority of FX trading on the exchange.
Getting competition to their Dollar Index trading franchise is the announcement today that the CME Group will be launching similar products. Based on the Bloomberg variation of the Dollar Spot Index, the CME Group is launching new futures of the index that are set to begin trading on April 4th, 2016, pending regulatory approvals.
In contrast to the popular Dollar Index, often known by its ... (read more)