The following article is courtesy of FlexTrade's Ivy Schmerken. With the uptick in Asian currency trading and the growth of electronic trading, Singapore’s regulator is working with the financial industry to build an FX trading hub and expand FX market infrastructure, a move to improve liquidity and price discovery during Asian trading hours. The Monetary…
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CySEC licensed online trading platform Libertex has issued a statement that it is pleased to announce that from 3rd July, new currency pairs are available on the Libertex trading terminal which will allow traders to use new opportunities on the financial markets. Traders will be able to work with the following currency pairs on Libertex: EUR/TRY…
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Hong Kong Exchanges and Clearing Limited (HKEX) announced that will introduce its planned Offshore Renminbi (CNH) and US dollar (US$) Gold Futures on Monday, 10 July 2017. They will be the first pair of commodity futures that can be physically delivered in Hong Kong. The 12 Contract Months on the launch day will comprise the…
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NEX Markets, a NEX Group business which provides electronic trading technology services in the fixed income and foreign exchange (FX) markets, announces today that Bank of China (Hong Kong) Limited, a mainstream bank as well as an integrated and regional financial group with roots firmly planted in Hong Kong for 100 years, will be joining…
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Coming soon will be the first of their kind gold futures contracts denominated in CNH and US$ available on the same platform. Hong Kong Exchanges and Clearing Limited (HKEX) plans to introduce physically settled CNH (offshore Renminbi, or RMB) and US dollar (US$) Gold Futures contracts in the third quarter of this year, subject to…
Read moreEBS BrokerTec, ICAP's electronic foreign exchange (FX) and fixed income business and ICAP Information Services (IIS), the information division of ICAP, have announced today that they have launched the ‘EBS CNH Benchmark’, the first fully electronic, trade-backed reference rate for the offshore Chinese renminbi (CNH) market. The benchmark has been launched following considerable interest from…
Read moreChina puts into action requirements for foreign firms to settle foreign exchange forward yuan positions in the onshore market, the country's foreign exchange trading platform, operated by the central bank, said in a statement on Wednesday. Foreign firms will need to set aside 20% of the previous month's yuan forwards settlement amount as foreign exchange…
Read moreSwiss Forex broker Dukascopy is about to axe the maximum leverage for yuan trades, explaining the change with high volatility and probability of low liquidity on USD/CNH currency pair during the coming time. The broker noted that there is a high risk of significant price gaps, which may lead to negative equity on client accounts.…
Read moreToday The Financial Times (FT) made note that the gap between the Chinese renminbi’s two exchange rates (offshore RMB and onshore RMB) has widened to a record spread. This has fueled speculation that China intends to allow its currency to fall at a faster rate than has previously been seen. Since August, the People's Bank of China (PBoC) said…
Read moreSingapore Exchange Limited (SGX:S68) today announced that it marked a record in USD/CNH futures trading in December 2015. The Exchange said that USD/CNH futures trading volume rose more than 50% month-on-month to a record 51,702 contracts traded (approximately US$5.1 billion in notional value traded) last month. In annual terms, the rise is even more pronounced,…
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