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HKEx Announces Additional Market Maker For RMB Currency Futures

Date 14/09/2012

Hong Kong Futures Exchange Limited, a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx), has appointed ICBC International Futures Limited as a market maker for RMB Currency Futures that will begin trading on Monday, 17 September 2012.

Following the latest appointment, there will be four market makers for RMB Currency Futures:

  • DBS Bank Limited (via DBS Vickers (Hong Kong) Limited)
  • ICBC International Futures Limited
  • Merrill Lynch International (via Merrill Lynch Far East Limited)
  • The Hong Kong & Shanghai Banking Corporation Limited (via HSBC Broking Futures (Hong Kong) Limited)

Market makers will be providing continuous two-sided quotes good for at least 10 contracts on each side in all listed contract months with a maximum bid / ask spread of 30 minimum fluctuations (ie RMB0.0030).