In December 2005, Rydex (now Invesco) launched the first currency ETF, the Euro Currency Trust (), which tracked the value of the Euro. In 2007, Deutsche Bank's db x-trackers launched the EONIA Total Return Index ETF in Frankfurt tracking the Euro. In 2008, it launched the Sterling Money Market ETF () and US Dollar Money Market ETF () in London. In November 2009, ETF Securities launched the world's largest FX platform tracking the MSFXSM Index covering 18 long or short USD ETC vs. single G10 currencies.