Interdealer broker Icap launched electronic trading in the Australian dollar-New Zealand dollar currency pair on April 30 on its global EBS foreign exchange trading platform.The decision to launch the pair follows demand from forex traders, says Icap, and comes one month after the launch of NZ$/US$ on EBS, which enabled traders to view the NZ$ tradable pairs next to other major dollar, euro and yen pairs, along with precious metals, on the same screen.
Both the Australian and New Zealand dollars are traded substantially in their home markets and the major currency markets in Asia, Europe and the US, says Icap.
More on Foreign Exchange
China onshore forex derivatives market a fraction the size of its EM peers
Extension of cross-border scheme beyond Shanghai FTZ welcomed by corporate treasurers
Says senior policy adviser at Chicago Fed
State council to make the change from a weekly basis
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.