More NewsFXall Responds to Strong Demand for CNH Trading

FXall Responds to Strong Demand for CNH Trading

FXall, a foreign exchange (FX) platform, has announced that it is extending trading of deliverable offshore Chinese yuan (CNH) on its FX trading platform through its QuickTrade request for quote (RFQ) product.

Many of FXall’s liquidity providers are now pricing yuan over-the-counter (OTC) trades. This offering was a collaborative effort with providers such as Bank of America Merrill Lynch (BofA Merrill), HSBC and Royal Bank of Canada (RBC), to support recent market developments. With FXall and liquidity providers on the platform supporting the new currency code, CNH, which represents the RMB exchange rate that trades offshore in Hong Kong, FXall clients are now able to trade this important currency offshore.

“The addition of offshore deliverable Chinese yuan (CNH) onto FXall has met client demand, especially from Bank of America Merrill Lynch’s large corporate client base, for hedging exposures in Asia by providing an electronic execution path to access the firm’s liquidity pool,” said Kan Fung Li, managing director, global rates and currencies trading at Bank of America Merrill Lynch.

“HSBC continues to see strong and growing demand for CNH trading from our clients who want the ability to trade electronically,” said Frederic Boillereau, global head of currencies and commodities at HSBC in London.”

Related Articles

Infosys Finacle to power Santander UK’s international cash management system

More News Infosys Finacle to power Santander UK’s international cash management system

3w The Global Treasurer
Preparing for GDPR? Here’s four things to consider

More News Preparing for GDPR? Here’s four things to consider

4m Elliott Wiseman
Cash flow in focus for investors

Cash Management Cash flow in focus for investors

5m Conor Deegan
Treasury TV: Karen Pugsley, Domino's Pizza Group

More News Treasury TV: Karen Pugsley, Domino's Pizza Group

5m Victoria Beckett
Treasury TV: Yeng Butler compares US and European MMF reforms

Compliance Treasury TV: Yeng Butler compares US and European MMF reforms

5m Victoria Beckett
Treasury TV: Tim de Knegt, The Port of Rotterdam

10 Minutes With The Treasury Treasury TV: Tim de Knegt, The Port of Rotterdam

5m Victoria Beckett
Banks are selling clients short with short dated cash deposit U-turns

Banking Banks are selling clients short with short dated cash deposit U-turns

5m Victoria Beckett
What does sterling’s Brexit boost mean for UK manufacturers?

More News What does sterling’s Brexit boost mean for UK manufacturers?

6m Tasja Botha