The London Stock Exchange has listed 18 currency exchange traded funds, or currency ETCs as it is calling them. Several years ago, when the exchange was supposedly looking into new products, I asked it if it had talked to EBS, which was its tenant at the time and up for sale. Better late than never though. The exchange says it is the first in Europe to list such products.
“As the number one ETC exchange in Europe, and given London’s reputation as the global centre for foreign exchange trading, we are proud to be the venue of choice for issuers looking to bring this new type of product into Europe,” says Pietro Poletto, the LSE’s head of ETFs and ETCs.
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