The Hong Kong Monetary Authority (HKMA) announced today that it has designated seven banks as Primary Liquidity Providers (PLPs) for the offshore renminbi (CNH) market in Hong Kong. These designated PLPs have pledged to expand their market-making activities in Hong Kong for various CNH instruments, and use the Hong Kong platform in promoting their global…
Read moreLeading FX Brokerage FXCM officially added liquidity to the offshore renminbi. Here is info on FXCM's offering. VITAL STATISTICS Target Spread 26-27 pips Margin Requirement $50 per lot Minimum Lot Size CN¥1,000 (1k) Pip Cost $0.016 per lot Average Daily Range 100 pips in 2014 Hedging Capability: You can go long or short yuan in…
Read moreDukascopy Bank set to offer USD/CNH trading in a live environment in due course following today's addition of the offshore Yuan in demo mode.
Read moreFXPRIMUS is pleased to announce the addition of Offshore RMB (USD/CNH) & Turkish Lira (USD/TRY) to its clients In a constant pursuit towards diversifying its product offering, FXPRIMUS is pleased to announce the addition of Offshore RMB (USD/CNH) & Turkish Lira (USD/TRY) to its clients. CNH is an offshore version of the RMB introduced by…
Read moreChina has become the focus of the majority of FX firms over recent years, and despite the difficult entry barriers, many have succeeded, resulting in demand for Chinese currency China is often viewed by many FX industry participants as a treasure trove with a very securely locked door. Indeed, there is a very large potential…
Read moreThe firm also improves spreads on all existing spot CNH crosses Saxo Bank, the largest European-based Forex trading firm (and a member of LeapRate's Approved List of Forex firms) has today added a new FX spot cross to the platforms. The bank is now trading spot gold against Chinese offshore renminbi (XAUCNH). Elizabeth Missfeld who works…
Read moreAll eyes are on Asia once again as the offshore yuan (CNH) holds steady amid falling February volumes industry-wide Statistical reasoning behind the priority which a large number of FX firms is giving toward engendering large-scale business from within the much coveted Asia Pacific region continues to rear its head as the offshore Yuan (CNH)…
Read moreLondon to become first location outside Asia to have a Yuan clearing bank As the Renminbi is finally rebounding somewhat from its recent slide against the US dollar we are seeing a very clear intention by UK authorities and the private sector, for London to become the main trading venue outside of Asia for Chinese…
Read moreChina's currency becoming more liquid, easier to trade and hedge.
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