FINEX, the IFSC based financial exchange that is part of the New York Cotton Exchange, is enlarging its business through the addition of three new contracts. Yesterday FINEX introduced futures contracts for sterling/Swiss franc, sterling/yen and deutschmark/Spanish peseta.

Earlier this month, FINEX launched futures contracts for the US dollar/South African rand and the three additional contracts launched yesterday represent the second stage of the exchange's plans to offer market traders a broad range of currency pairs which are actively traded in the interbank market.