JP Morgan Chase and market data vendor Bloomberg have teamed up to launch a tradable index of currencies from Asian emerging markets.The Bloomberg-JP Morgan Asia currency index, which is only available via Bloomberg market information terminals, is designed to be a spot index of the most actively traded currency pairs in Asia’s emerging markets valued against the US dollar.
The index should act as a benchmark for aggregate monitoring of Asia’s currency markets, according to JP Morgan Chase.
“The Bloomberg-JP Morgan Asia currency index is an important step forward for the Asia currency markets,” said David Puth, JP Morgan global head of currency and commodities. “For the first time we are providing the ability to monitor currency moves and leverage currency exposure.”
More on Technology
Julia Philipp recommends targeted defences, data sharing and response planning
CenturyLink will ultimately make analytics tools available as managed service in its cloud infrastructure
Competition intensifies in battle for Asia structured products market
IT systems not geared for trade reporting under EU anti-manipulation law
Sign up for Risk.net email alerts
Sponsored video: MarketAxess
Sponsored video: Tradeweb
Multifonds talks to Custody Risk on being nominated for the Post-Trade Technology Vendor of the Year at the Custody Risk Awards 2014
Sponsored webinar: IBM Risk Analytics
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.