JP Morgan offers streaming spot DXY
The bank generates prices for the spot product using proprietary algorithms based on a fixed formula for the trade-weighted index that goes back to 1973. The index trades the US dollar against a basket comprising the euro, yen, sterling, Canadian dollar, Swedish krona and Swiss franc.
Isaac Lieberman, managing director in foreign exchange trading at JP Morgan in New York, said the spot DXY is being streamed on a 27/6 basis with a full forward curve and options. "One of the conventions we have
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