Reuters launches FX forwards in India

The move has been partly prompted by growing liberalisation of India's forex regulations -- currency options were legitimised only in July (FX Week, July 7). "For options, you need a spot and forwards price, so obviously that's helped," said Mark Kiley, global head of Reuters Treasury Broking Services, based in London.

However, the launch is also a reflection of increasing interaction between global centres, as newly-transferred dealers request the same dealing technology they were used to e