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HKEx appoints market makers for RMB Currency Futures in After-hours Futures Trading

Market Operations
31 Mar 2014

Hong Kong Futures Exchange Limited, a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx), has appointed Bank of China (Hong Kong) Limited and Deutsche Bank AG as market makers for the after-hours trading of its RMB Currency Futures that will begin on Monday, 7 April 2014 (please see details below).

Market makers for after-hours trading of RMB Currency Futures

Bank of China (Hong Kong) Limited via UBS Derivatives Hong Kong Limited
Deutsche Bank AG via Deutsche Securities Asia Limited

The 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 RMB0.003.

With after-hours trading, HKEx’s RMB Currency Futures market will be open business days from 9 am to 4:15 pm and 5 pm to 11 pm Hong Kong time.

HKEx’s RMB Currency Futures, the world’s first deliverable RMB currency futures, began trading on HKEx’s derivatives market on 17 September 2012.  Average daily volume increased from 290 contracts in 2012 to 1,499 in March this year.  The futures had record high trading volume of 6,318 contracts (US$632 million notional value) on 19 March 2014.  The product’s record open interest of 23,887 (US$2.4 billion notional value) contracts was set on 14 February 2014.

Please see the news release dated 4 March this year for details on the enhancement of RMB Currency Futures with After-hours Trading and other changes.  Other product information is available from the HKEx website’s Products & Services section.


Ends

Updated 31 Mar 2014