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AUD/CNH Futures

Australia’s emergence as one of China’s largest trade partners in commodities has created strong demand for inter-currency payments between Renminbi (RMB) and Australian dollars (AUD). AUD is the 5th most traded currency in the world as well as a component of the basket of currencies referenced by China in its managed float exchange rate regime. In addition, given Australia’s vast mining and mineral operations, AUD offers diversification benefits through its strong link with commodities’ prices. HKEX’s AUD/CNH futures provide transparency in price discovery reflecting exchange rate expectations driven by market forces.


Updated 01 Feb 2018


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Advantages

  • Capital efficiency of exchange-traded futures
  • Transparent pricing in a centralised trading environment
  • Block trade facility offers OTC flexibility with minimal counterparty risk
  • Dedicated liquidity providers to provide narrow bid ask spreads
  • Same Asian time zone for liquidity aggregation

 

Contract Summary

Item Contract Terms
Contract AUD/CNH Futures
(AUD = Australian Dollar /CNH = RMB traded in Hong Kong)
Trading Symbol CAU
Contract Month Spot month, the next calendar month and the next two calendar quarter months
Contract Size AUD 80,000
Price Quotation RMB per AUD (e.g. RMB 4.6942 per AUD)
Minimum Fluctuation RMB 0.0001 (4 decimal places)
Tick Value RMB 8
Trading Hours 8:30 am - 4:30 pm (Day Session)
5:15 pm - 3:00 am (AHFT Session)
(Expiring contract month closes at 11:00 am on the Last Trading Day)
Final Settlement Day The first Hong Kong Business Day after the Last Trading Day
Last Trading Day Two Hong Kong Business Days prior to the third (3rd) Wednesday of the Contract Month
Final Settlement Price WM/Reuters Intra-Day Spot Rate for AUD/USD at 11:00 a.m., multiplied by the USD/CNY(HK) Spot Rate published by the Treasury Markets Association (TMA) of Hong Kong at or around 11:30 a.m. on the Last Trading Day
Settlement Method Cash settled in RMB
Exchange Fee RMB 5.00

Waived from 30 May 2016 –28 June 2019 (T Session)


Please click here for the disclaimer.

Margin Table

Trading Fees and Commission

Exchange Fee
RMB5.00 per contract per side (Waived from 30 May 2016 – 31 December 2019)
Commission Levy
Nil
Total
RMB5.00 per contract per side
* The amount indicated above is subject to change from time to time.

List of Market Makers or Liquidity Providers

Lists of Market Makers or Liquidity Providers in Futures Exchange Products

Currency Futures and Options Products

 
Providing Continuous Quotes 
   
 Market Makers / Liquidity Providers
   APC CFT  HKB ICB MPF NHT SGS TFF UWD
 USD/CNH Futures    *  * *  *   * *  *
 USD/CNH Options            *    *  
 EUR/CNH Futures  *       *   * 
 JPY/CNH Futures            *
 AUD/CNH Futures           *    *
 CNH/USD Futures             *  * 

 

 
Providing Continuous Quotes
(After-Hours Futures Trading)

 Market Makers
MPF  UWD
USD/CNH Futures * *

 

* refers to a Futures Exchange Participant acting as a Market Maker or Liquidity Provider in Futures Exchange Products or a Stock Options Exchange Participant acting as a Market Maker for Stock Options

Updated 21 May 2019

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