Hong Kong to trade renminbi currency options

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By GlobalCapital
04 Jan 2017

Hong Kong Exchanges and Clearing (HKEX) plans to introduce options on the Chinese renminbi currency, as well as a US dollar/offshore renminbi contract, having gained approval from the Securities and Futures Commission of Hong Kong.

HKEX plans to introduce the contracts in the first quarter, having noted an increase in demand seen for its Chinese renminbi futures contract. In 2016, market participants traded 538,594 contracts of dollar/offshore renminbi futures on HKEX, or $54bn ...

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