JPMorgan Chase has launched an index of global FX volatility that tracks options on currencies of major and developing nations, Bloomberg reports. The new index will complement two JPMorgan indexes that follow implied volatility on major currencies and emerging-market currencies, which the bank began in 2006.

The bank has expanded its index tracking major exchange rates to include nine currencies versus the dollar, up from six. The firm’s emerging-market implied volatility index has also been expanded to track three-month options on 13 currencies against the U.S. dollar, up from seven.

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