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.
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