Wednesday, November 22, 2017
China Foreign Exchange Trading System to launch spot foreign exchange brokerage transactions
ANBOUND
China Foreign Exchange Trading System intends to launch spot foreign exchange brokerage transactions in the Mainland market as soon as the end of this year. The initial foreign exchange trading center will open spot Renminbi against the US dollar spot brokerage transactions to renminbi spot market makers and intended market makers, and then gradually expand them to all spot trading members depending on the situation. The advantage of this model is to improve trading efficiency, reduce irregularities in trading behavior, facilitate the implementation of trading strategies and display richer market information.