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.

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