Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

HKEx: First Day Trading Of RMB Currency Futures

Date 17/09/2012

Turnover of Hong Kong Exchanges and Clearing Limited’s (HKEx) RMB Currency Futures, the world’s first exchange-traded deliverable RMB futures, was 415 contracts on the futures’ first day of trading today.

This is equivalent to a total notional turnover of US$41.5 million. The three most actively traded expiries were quarterly expiries in December 2012 (82 contracts), June 2013 (80 contracts) and March 2013 (72 contracts).

“Today was a good first step for our RMB Currency Futures, the first RMB-traded product in our derivatives market, and a very significant milestone for HKEx,” said Calvin Tai, HKEx’s Head of Trading. “We were pleased to see good market depth and bid-offer spreads.”

Twenty-four Exchange Participants traded the new product today.

Other Market Data

 

Contract

Turnover

Oct-2012

37

Nov-2012

64

Dec-2012

82

Jan-2013

10

Mar-2013

72

Jun-2013

80

Sep-2013

70

TOTAL

415