Euronext launches multicurrency ETF trading service

currency banknotes 410Euronext, a pan-European exchange, has launched a multicurrency trading service for exchange-traded funds (ETFs), including coverage of renminbi and Hong Kong dollars.

The exchange, owned by New York-listed IntercontinentalExchange Group, says it is the first time on a US or European exchange that the Chinese and Hong Kong currencies have been offered in this type of service.

Though still subject to approval by clearing authorities, the service will allow international investors to trade any Euronext-listed ETF in 20 different currencies.

Euronext plans to make it available from Monday February 17, 2014.

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