U.S. derivatives exchange CME Group is broadening its currency trading products, The Wall Street Journal reports. The firm will unveil new Yuan foreign currency futures contracts in August to meet growing global customer demand for investment products denominated in the Chinese currency.
The new contracts will be quoted in dollars. The firm is also mulling on launching new contracts and services linked to the currencies of India and Latin America. The firm is extending its currency contracts to customers that frequent its markets in crude oil, metals and stock-index futures.
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