BVC Fires up FX Futures; Equity Next

BVC Fires up FX Futures; Equity Next

Funds

The Bolsa de Valores de Colombia (BVC) launched last week a new FX futures contract. Executives involved in the process say the COP-USD instrument is designed to help local market participants meet their hedging needs, and complements existing spot and forward markets, which are already actively traded. The contract is a $50,000 unit with 2 consecutive monthly maturities and 4 quarterly maturities at 3, 6, 9 and 12 months thereafter. The underlying asset of the contract is the TRM average market

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