The WGT, the most liquid market for the Polish currency unit in the world, has completed the development of the second phase of the Currency Futures Sector.
The following deliverable contracts have been added to the Currency Futures Sector:
- US Dollar/Polish Zloty,
- Euro/Polish Zloty,
- Swiss Franc/Polish Zloty,
- Euro/Czech Korona,
- Euro/Hungarian Forint,
- Euro/US Dollar.
Some important features of the WGT currency futures contracts are their 50,000 unit nominal value and that they are fully deliverable at the back end. The WGT currency futures contacts are settled to the National Bank of Poland fixing at expiry, which makes them an excellent vehicle not only for hedging and trading purposes, but also for the physical exchange of currencies. The WGT currency futures contracts can be traded either electronically or by traditional phone broking. This allows WGT market users to choose the type of accessibility that best suits their individual needs. Since it operates in a emerging market country like Poland, the WGT enjoys a relatively low cost base. This allows the WGT Clearing Members to provide access to the WGT currency futures market at a very competitive price.
Trading this unique set of currency futures contracts at the WGT will add this very important and volatile component to a broad currency futures portfolio.
For further information, please contact:
Mr.Peter Kochanek +48 22 661 7015 or at kochanek@wgt.com.pl.