Tag: CNH

June 12, 2019 BY Valentina Kirilova

Singapore spurs development of FX trading hub & ecosystem

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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istanbul turkey try forex
July 12, 2018 BY LeapRate Staff

Libertex adds Yuan CNH and Lira TRY currency pairs

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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Bank of China CNH Liquidity
June 06, 2017 BY admin

Bank of China HK to join EBS Direct as a liquidity provider

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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May 06, 2017 BY admin

HKEX plans to offer physically settled RMB and USD gold futures in Q3

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…

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July 07, 2016 BY Valentina Kirilova

EBS BrokerTec and ICAP Information Services launch the EBS CNH Benchmark

EBS 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…

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July 07, 2016 BY Valentina Kirilova

China raises Reserves requirement as Yuan hits 5+ year low

China 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…

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January 12, 2016 BY Maria Nikolova

Dukascopy to cut maximum leverage on USD/CNH exposures

Swiss 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.…

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January 06, 2016 BY Mike Fox

Record gap between renminbi rates widens as China devalues again

Today 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…

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January 04, 2016 BY Maria Nikolova

SGX marks record USD/CNH futures volume in December

Singapore 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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