Further proof that FX has gone mainstream comes with news that Rydex Investments has filed a registration statement with the SEC to launch a currency exchange-traded fund (ETF). When approved, the new ETF, which is based on the level of the euro against the dollar, will trade as a stock on the New York Stock Exchange.
The ETF, which will be listed under the symbol FXE, will have an initial circulation of 100,000 shares, each with a $40 denomination.
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