Nybot launches FX futures to support coffee traders

Both contracts are for pairs including the US dollar. The exchange said that the contracts were aimed at users of the coffee futures contract, and would allow coffee producers and traders to hedge their forex exposure. The sugar contract is also volatile and could benefit from forex hedging, the exchange added.

Nybot now lists 29 currency pairs. These are its first Latin American currency products. The cash-settled futures contracts are for 100 million pesos and 100,000 reals (equivalent at present to $46,800 and $46,900 respectively).

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• Topics
• Foreign exchange
• Exchanges