Open interest hits all-time high in Renminbi futures on HKEX

Hong Kong Exchanges and Clearing Limited (HKEX) the Hong Kong securities and derivatives market announced another record-setting day today for HKEX’s RMB Currency Futures contracts. Open interest hit an all-time high of 32,009 contracts (US$3.2 billion notional), and volume on February 11th hit 7,711 contracts (US$771 million notional), the second highest ever. Today was also the fourth consecutive trading day with more than 6,000 contracts.

2015 was a record setting year for RMB contracts on the exchange seeing a 19% year-over-year rise from 2014 in volume. Moreover, in HKEX’s 2015 report the venue made it a stated goal to increase volume and possibly introduce more instruments surrounding the Chinese currency for 2016.

Read more about the contracts here.