RMB futures launch in Singapore, turnover exceeds Rmb1.1bn

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RMB futures launch in Singapore, turnover exceeds Rmb1.1bn

Carrie Hong
October 22, 2014 06:00 AM
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The Singapore Exchange (SGX) this week launched FX futures contracts for Chinese onshore and offshore renminbi (USD/CNH and CNY/USD). Transactions in the new RMB futures achieved a first day volume of 1,836 contracts on October 20, or approximately Rmb1.1bn in notional value ($180m), said SGX.

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