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Friday, February 17, 2017, 12:14

HKEX to launch 1st yuan options on March 20

By Xinhua

HKEX to launch 1st yuan options on March 20
This undated photo shows the external view of Hong Kong Exchanges and Clearing Ltd (HKEX). HKEX will introduce its planned Renminbi (RMB) currency options on March 20. (Provided to China Daily)

HONG KONG - The Hong Kong Exchanges and Clearing Limited (HKEX) will introduce its planned Renminbi (RMB) currency options on March 20.

The US dollar-offshore RMB (USD/CNH) options will be the first currency options traded at the HKEX.

The new product will complement the HKEX's USD/CNH futures and other RMB currency futures

The eight contract months on the launch day will comprise April, May, June, July, September and December 2017, and March and June 2018.

The new product will complement the HKEX's USD/CNH futures, which have been the world leaders in liquidity and distribution among exchanges over the last few years, and other RMB currency futures.

In 2016, the trading volume of the HKEX's USD/CNH futures more than doubled from the previous year to an all-time high of 538,594 contracts, with the notional amount totalling US$54 billion.

READ MORE: SAR’s renminbi bonds market primed for big lift

 
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