ETF Securities is to launch 22 new exchange traded commodities (ETCs) later today offering access to both developed and emerging market currencies.

Four of the new launches will be currency ETCs offering exposure to the Chinese Renminbi and Indian Rupee and will be based on Morgan Stanley’s MSFX family of indices.

Nik Bienkowski, chief operating officer at ETF Securities said demand has been growing steadily for emerging market currency products. He explained, ‘Currencies have been around for many centuries, however, until the turn of the 20th century, investors focused primarily on equities and bonds.

‘With today’s financial crisis continuing and the poor performance of equities over the past ten years, we’ve seen investors are looking for liquid and transparent markets – currencies are starting to appear on their radar screens.’

In addition to the four ETCs following emerging market currencies, there will also be 18 long and short developed market products set against Sterling added to the platform.

London Stock Exchange Group now claims to execute more exchange traded product trades than any other European operator, listing 700 products across London and Milan.