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China foreign exchange trade system bloomberg


china foreign exchange trade system bloomberg

System (cfets ) Chinas central banks official interbank trading and forex division. Given the rapid internationalization of the Chinese Yuan, this data is imperative to global markets as it provides our clients greater transparency for smarter and more timely trading, hedging and investment decisions. In February 2018, both announced the launch of phase two, a relationship-based platform for Chinese renminbi trading of spot, forwards and swaps, based on NEX Group's EBS trading platform. This announcement follows Bloombergs leadership in the evolution of the offshore renminbi (CNH) market, which includes the development and adoption of the CNH code, provision of its price history and introduction of the offshore renminbi bond listing and index. As such, as renminbi trading becomes more prevalent and foreign banks increase their involvement with the currency, we are seeing more an offshore market taking place.

Demand for more Chinese currency related products has been strong in 2012 with more and more brokers providing NDFs and more recently deliverable futures this year. One of the first banks to access Bloombergs cfets service. According to cfets publication ChinaMoney, with renminbi cross- border inflows and outflows intensifying in 2012, development of the offshore renminbi market will drive domestic financial market reform, and aid in a fair and transparent price discovery process for renminbi foreign exchange rates. The addition of the cfets data gives investors insights into real-time tick-by-tick movement, volumes and market participant information in Chinas onshore interbank market, said Tod Van Name, Bloombergs Global Head of FX, Economics and Commodities. Its core functions include: providing trading, information, benchmark and training facilities to the interbank lending, bond and FX markets, monitoring beginners guide to day trading cryptocurrency market transactions, providing services for the operation and transmission of the central bank's monetary policies, and engaging in other businesses authorized by the PBC. Offshore players can now access accurate interbank Dollar-Yuan rates that better reflect market conditions, providing investors with a critical edge in foreign exchange transactions amidst todays volatile trading environment, said Julien Martin, Deputy Head of Fixed Income at BNP Paribas China. Zhangjiang, Shanghai, key People, pei ChuanZhi, President, products. BNP Paribas is one of the first international banks to access Bloombergs cfets service, said Julien Martin, Deputy Head of Fixed Income, BNP Paribas China. People's Bank of China (PBC). The cfets data service also features the best renminbi spot prices from participating banks, historical trade sizes, and eight other renminbi currency pairs. The provision of real-time China interbank FX rates to international investors is yet another step in the right direction, said Sam Phoen, head of global markets, ANZ bank (China). In 2008, leaders of the, cME and the China Foreign Exchange Trading System National Interbank Funding Center (cfets) announced that they had signed.

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