JP Morgan Chase launches Asian currency index

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.”

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Chartis RiskTech100® 2024

The latest iteration of the Chartis RiskTech100®, a comprehensive independent study of the world’s major players in risk and compliance technology, is acknowledged as the go-to for clear, accurate analysis of the risk technology marketplace. With its…

T+1: complacency before the storm?

This paper, created by WatersTechnology in association with Gresham Technologies, outlines what the move to T+1 (next-day settlement) of broker/dealer-executed trades in the US and Canadian markets means for buy-side and sell-side firms