There is an interesting piece of news confirming the growing interest in Chinese yuan trading. According to a report in the Financial Times, HSBC Holdings plc (LON:HSBA) is about to become a market-maker for trading the renminbi and the Swiss franc in the country's interbank Forex market. HSBC, known as a long-standing advocate of the…
Read moreSwissquote, Switzerland’s leading online bank, announced the addition of two new currency pairs and eight forward CFDs to its already diverse range of trading products. Swissquote’s decision to offer the offshore Chinese Yuan and additional Russian Ruble cross comes at a time of significant fluctuations for these currencies and is the bank’s response to increasing demand from traders looking…
Read moreThe addition of the three Renminbi-denominated mini metals contracts will expand the range of commodities products HKEx offers, broaden its base of potential market participants and provide more arbitrage opportunities.
Read moreChina's cross-border interbank payments system, established as a yuan-based alternative to the interbank Swift network, has launched with 11 domestic banks and eight foreign institutions onboard.
Read moreThe Mini Onshore Renminbi futures and Mini Offshore Renminbi futures are part of a set of five new contract types that ICE Futures Singapore and ICE Clear Singapore will launch on November 17, 2015.
Read moreThe People's Bank of China decided to devalue the yuan on Tuesday August 11th, 2015, allowing the currency to weaken against the dollar to its lowest point in nearly three years.
Read moreThe China Securities Regulatory Commission has said the Shanghai Futures Exchange's crude oil futures would be the first contract that qualified foreign investors would be able to trade...
Read moreThe latest RMB Tracker by SWIFT shows Renminbi payments accounted for 31% of direct payments value between South Africa and China/Hong Kong in June 2015.
Read moreLME Clear, the clearing house for the London Metal Exchange now accepts five currencies as cash collateral: US dollar, sterling, euro, yen and offshore renminbi.
Read moreApparently, the two new USD/RMB FX futures contracts have successfully gained traction from market participants.
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