Thomson Reuters FXall and Electronic Trading Refresh CNY Trading

[kreslik.news]

One of the leading Chinese banks, the Industrial and Commercial Bank of China (ICBC) is taking a big step in changing liquidity conditions on the Chinese yuan market. The institution, which is the largest bank in the world by market cap and total assets is committing to substantially facilitate renminbi trading.

ICBC is the first Chinese bank that is continuously streaming Chinese yuan quotes to the market via FXall and Electronic Trading. Both trading platforms are owned and operated by Thomson Reuters.

The move follows up on ICBC’s decision to become the first Chinese bank to stream soon CNH prices during Asian ... (read more)