Cash & Liquidity ManagementInvestment & FundingFTSE and Cürex Group Partner for Launch of Executable Benchmarks for Spot FX

FTSE and Cürex Group Partner for Launch of Executable Benchmarks for Spot FX

FTSE, a global index provider, and Cürex Group, a developer of intellectual property and technologies that link institutional foreign exchange (FX) with global capital markets, has partnered to launch the FTSE Cürex FX Index Series, a new range of independently calculated, 24/5 streaming, executable spot FX benchmark FIX for currency pairs and currency baskets.

The FTSE Cürex FX Index Series provides the next generation of FX valuation and performance benchmarking for global capital markets. By establishing real-time bid and offer spot FX indices on 192 currency pairs, from multiple independent contributors and at multiple depths of liquidity, global capital markets benefit from improved clarity when viewing previously opaque FX pricing.

Mark Makepeace, chief executive officer (CEO) of FTSE Group, said: “FX is the world’s largest capital market and currency exposure affects investors in all asset classes. This new series of FX indices will be used by our clients world-wide as a better benchmark for managing currency risk and performance, and will support a wide range of passively managed FX currency funds and strategies.”

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