FX news: Deutsche Bank launches currency ETFs

Deutsche Bank has launched two new currency exchange-traded funds (ETFs) on their ETF platform db x-trackers, just days after the Committee of European Securities Regulators (CESR) proposed new regulation for ETF trading.

Deutsche Bank has launched two new currency exchange-traded funds (ETFs) on their ETF platform db x-trackers, just days after the Committee of European Securities Regulators (CESR) proposed new regulation for ETF trading.

The new ETFs are linked to the DB Currency Return Index and will be listed on the London Stock Exchange, allowing currency to be traded as an asset class, either in USD or GDP hedged share class formats.

CESR is recommending that all ETF trading should be recorded, bringing the EU in line with the US, where all asset classes traded on exchanges must be recorded.

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