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HKEX Announces RMB Currency Futures Trading Enhancements

Market Operations
07 Jun 2017

  • RMB Currency Futures' trading extended by 1 hour and 45 minutes from 10 July
  • Market making for RMB Currency Futures expanded to two tiers from 10 July
  • Fee waiver for cash-settled RMB Currency Futures extended to end of year

Hong Kong Exchanges and Clearing Limited (HKEX) announced today (Wednesday) three enhancements to its Renminbi (RMB) Currency Futures (USD/CNH, EUR/CNH, JPY/CNH, AUD/CNH and CNH/USD futures - please see note below for currency pair details) trading.

1) HKEX is extending the day and after-hours trading of its RMB Currency Futures by half an hour and an hour and a quarter respectively from Monday, 10 July 2017 as shown in the following table.

Trading Hours for RMB Currency Futures


From 10 July 2017

Day Session

9:00 am - 4:30 pm

8:30 am - 4:30 pm

AHFT* Session

5:15 pm - 11:45 pm

5:15 pm – 1:00 am

* After-Hours Futures Trading

2) HKEX is introducing a second tier to the market maker programme for its RMB Currency Futures. From 10 July 2017, the programme will comprise primary and secondary market makers. For details, please see the table in the related circular. HKEX welcomes applications to join the programme.

3) HKEX has extended its fee waiver for cash-settled RMB Currency Futures (EUR/CNH, JPY/CNH, AUD/CNH and CNH/USD futures) to the end of this year. For details, please see the related circular .

HKEX’s average daily RMB Currency Futures volume in the first five months of this year was up 30 per cent from the same period last year, and USD/CNH Futures had their second and third highest volume ever on 31 May and 1 Jun 2017, with over 8,600 contracts (over US$860 million in notional value) traded each day.

Note: CNH is offshore Renminbi, USD is US dollar, EUR is Euro, JPY is Japanese yen and AUD is Australian dollar.


Updated 07 Jun 2017