Hong Kong’s Stock Exchange Aims to Launch USD/CNH Options in 2018
Posted: Tue Jan 03, 2017 6:51 pm
The operator of Hong Kong’s stock exchange, Hong Kong Exchanges and Clearing Limited (HKEX), is preparing to offer renminbi currency options through a USD/CNH contract in Q1 2018, amid growing demand to hedge currency risk arising from a more volatile yuan.
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The step effectively makes HKEX the third international clearing house to provide exchange-traded options on the US dollar/offshore RMB pair, which reinforces Hong Kong’s overall position as the premier offshore renminbi centre.
The product will be based on offshore US dollar-yuan rates cleared in ... (read more)