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BUX to launch new futures products

The Budapest Stock Exchange (BSE) has announced the launch of new futures products on its derivatives market from Sept 19th. The exchange will launch four new cross-currency futures products starting next Monday: CAD/JPY and NOK/JPY futures with settlement, and the same cross-currencies with foreign currency settlement. The exchange will also offer futures contracts for shares in property management company BIF Rt and IT company Freesoft Rt from Monday. The BSE said it was introducing the new products in response to market demand. The trading and settlement of the new instruments will be the same as that of the existing cross-currency and share futures. (Econews; NG 11)