Tag: Renminbi trading

May 26, 2014 BY Mike Fox

Alpari RU adds USD/CNH Chinese Yuan trading & more...

Alpari RU announced today that from June 2, 2014, they are making 6 new currency pairs available for trading. For Standard accounts (standard.mt4): USDCNH (US Dollar to Chinese Yuan) USDILS (US Dollar to Israeli Shekel) EURILS (Euro to Israeli Shekel) GBPTRY (British Pound to Turkish Lira) EURZAR (Euro to South African Rand) EURRUB (Euro to Russian…

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April 01, 2014 BY Gerald Segal

Saxo Bank launches XAUCNH FX spot cross

The 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…

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February 27, 2014 BY Gerald Segal

London leading the charge to become the main Yuan hub

London 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…

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February 07, 2014 BY Gerald Segal

Moscow Exchange looks east – launches China ETF

Russia's leading exchange has been focusing on increasing its business with Far East traders and investors. Moscow Exchange has announced the launch of trading in the FinEx MSCI China UCITS ETF (ticker FXCN). The FXCN tracks the MSCI China Index, which comprises 138 Chinese securities. The fund's shares will be traded on Moscow Exchange's securities…

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January 21, 2014 BY Gerald Segal

LMAX CEO David Mercer sees doubling of forex volumes by 2020

LMAX is seeing most of its own growth in Russia and the Far East According to LMAX Exchange’s CEO David Mercer global forex volumes are set to double by 2020 because of increasing growth in emerging markets FX. He outlined the important role of the Renminbi and the Russian Ruble which are both set to…

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January 20, 2014 BY Gerald Segal

Citi launches automated Renminbi pooling for its Shanghai FTZ clients

Chinese Yuan funds can be moved freely between onshore and offshore entities Another change to the Chinese Yuan forex market is on the way, as Reuters reports that Citi has set up a cross-border facility that enables Shanghai Free Trade Zone based multinationals to move funds freely between their onshore and offshore entities. Up until…

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January 13, 2014 BY Gerald Segal

China to speed up Yuan convertibility

The central government wants a piece (or rather, a big chunk) of the reserve currency pie Over the weekend China’s forex regulator State Administration of Foreign Exchange said in a statement that acceleration of the Renminbi convertibility is one of the major goals for authorities. With the Shanghai Free Trade Zone being the test bed…

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