MEFF to Launch FX Futures Trading at End of June

MEFF released a statement on Wednesday saying that they are entering the foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (FX) futures market.

The company, which is owned by Spanish exchange operator BME, said that the new futures contracts are scheduled to launch on June 21st. They will trade as FX Rolling Spot Futures on the exchange.

The contracts have no fixed expiry date, and traders will be able to access 17 different currency pairs when trading in the new derivatives products begins.

Hedging risk

In a statement issued on its website, the exchange operator said it was targeting financial institutions and businesses that are looking to the hedge currency exposure risks at their organizations.

MEFF members will be responsible for distributing the contracts, and all trading will be cleared by another of the exchange’s parent company’s subsidiaries, BME Clearing Clearing Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Read this Term. All trading will be settled in Euros.

“With this launch, MEFF aims to offer investors the possibility of trading in FX through a regulated, exchange-traded instrument, with the security and transparency that this implies," said Clotilde Salmeron, general manager of MEFF.