Moscow Exchange (MOEX) has announced yesterday that it has signed a Memorandum of Understanding (MoU) with the China Foreign Exchange Trade System (CFETS). The MoU aims to unify the liquidity pools for trading in the RMB/RUB currency pair on the two platforms. A joint working group has already been set up to conduct research and…
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NEX (LON:NXG), a financial technology company at the centre of the global markets, announced that it has partnered with China Foreign Exchange Trade System (CFETS), China's interbank market trading platform and infrastructure provider, to launch 'CFETS FX2017' (FX2017), a next-generation trading platform for the Chinese foreign exchange (FX) market. Having selected NEX to deliver the…
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China Foreign Exchange Trade System (CFETS) and Hong Kong Exchanges and Clearing Limited (HKEX) announced today the formation of a joint venture company in Hong Kong, Bond Connect Company Limited (BCCL), to support Bond Connect related trading services. Bond Connect is a new mutual market access scheme that will allow investors from Mainland China and…
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The China Foreign Exchange Trade System (CFETS), the interbank trading and foreign exchange division of China's central bank, the People's Bank of China (PBoC) has announced 7 new direct renminbi trading links. The seven currencies which PBoC will launch direct trading as of Monday, December 12th include the Turkish lira (TRY), Polish zloty (PLN), the…
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Financial innovation firm R3 has announced the addition of China Foreign Exchange Trade System (CFETS), China’s official interbank market trading platform, to its consortium to design and apply distributed and shared ledger-inspired technologies to global financial markets. Headquartered in Shanghai, CFETS provides a series of services covering issuance, trading, information and post-trade for cash and…
Read moreICAP plc (LON: IAP), a leading markets operator and provider of post trade risk mitigation and information services, announces today that China Foreign Exchange Trade System (CFETS), China’s official inter-bank market trading platform and infrastructure provider, has chosen ICAP to deliver the underlying technology for fixed income and Forex electronic execution services in mainland China.…
Read moreThe extension of trading hours for the Yuan to 23:30 local time is in tune with Beijing's strategy to further bolster the international use of the Chinese currency.
Read moreThe signing of the MOU in Shanghai today, underlining the growing interest into the Chinese market, paves the way for the establishment of a joint venture in the United States.
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