Tag: Lira

Lira

Currencies in Competition

On first glance there appeared to be few significant changes of note when looking at the currency-specific data in the latest BIS survey. But scratch beneath the surface and this data asks some important questions, says Galen Stops. Looking at the data regarding the currencies themselves in the latest OTC FX turnover survey from the […]

Five on Friday: What Happened in Markets This Week

Lizzy Birmingham provides a brief roundup of the major FX moves this week, and the drivers behind each. 1) Pound Temporarily Bounces Back after May’s Resignation Today, British Prime Minister (PM) Theresa May announced her resignation, set for Friday, June 7. May’s announcement comes after three failed attempts to pass a Brexit deal, confirming mass-speculation […]

CME to Swap Out Turkish Lira Contracts

The CME Group has delisted its EUR/TRY futures contract, effective immediately, and plans to delist its USD/TRY futures contract while also launching a new TRY/USD futures contract in September.

The EUR/TRY contract was listed for trading on CME Globex, as well as for submission for clearing via CME ClearPort. There was no open interest in the EUR/TRY contract at the time of delisting.

For the USD/TRY contract, all contract months that are listed beyond September 2018 have been delisted, meaning that although this contract will continue to be listed on CME Globex and CME ClearPort for the time being, after the market close on September 18 it will be permanently delisted. There is no open interest in the contract months after September.