Nasdaq eyes rolling spot to capture FX share
US firm is the latest exchange to move into FX
Nasdaq is looking to launch a non-deliverable version of rolling spot contracts to help investors who want exposure in foreign exchange markets to save money by wiping out CLS fees, the clearing house has told FX Week.
The plan follows approval from the European Securities and Markets Authority (Esma) on February 25 for Nasdaq to clear over-the-counter and listed FX markets.
Nasdaq says this approval means it will be ready to launch the rolling spot technology by April, although the company
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