Ice inherited an existing FX suite of products when it took over the New York Board of Trade and its Finex subsidiary in Dublin. These have long offered FX contracts, most notably the dollar index, which is a moderately successful niche product. Activity is said to be around 20,000 contracts a day.
The exchange says it will launch bigger contracts with a nominal size of 1 million units on 11 currencies plus the dollar index in November.
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