Investors looking for exposure to emerging markets FX have limited options, with most EM indices offering exposure (currency hedged or otherwise) to local equity and bond markets. They will soon have the opportunity to invest directly in EM FX markets, however as T3Index is set to launch its E8 index, which it says it a first of its kind as it measures the performance of the world’s eight largest emerging market exchange rates. T3Index is a research driven financial indexing firm that specialises in derivatives benchmarking and the development of investible, proprietary indices that track related strategies across a range of asset classes.
Miax Options has unveiled plans to launch volatility trading on the Spikes Index, thus, it says, “marking the end of exclusivity in the volatility market.
The firm will list and trade cash-settled options on Spikes, a measure of the expected 30- day volatility in the SPDR S&P 500 ETF (SPY), the most actively-traded exchange traded fund in the world. Spikes was created by T3 Index, a research-driven financial indexing firm, as part of a partnership with Miax Options’ parent holding company, Miami International Holdings.