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Screenshot of a breaking news alert e-mail from Q2 2017
Leading FX Brokerage FXCM officially added liquidity to the offshore renminbi. Here is info on FXCM’s offering.
|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 the same account and hedge your positions. Hedging is not available to FXCM LLC clients or US residents.
Above is the USD/CNH panel on the Trading Station platform, we are unable to confirm whether or not USD/CNH is available on all of FXCM’s platforms yet.