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).
