FX: Exchanges look to jump on FX bandwagon
Both the London Stock Exchange and the Johannesburg Stock Exchange announced the listing of currency-based products in November. The LSE listed 18 currency exchange traded funds. The ETCs were admitted to the exchange by ETF Securities, which is one of the world’s largest providers of commodity-based ETFs. The JSE has listed currency reference warrants, backed by Standard Bank, in what it said was a "response to the growing popularity of currency trading in South Africa".