First Day Trading of RMB Currency Futures
Statistics
17 Sep 2012
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.
Other Market Data
|
Contract |
Turnover |
|
Oct-2012 |
37 |
|
Nov-2012 |
64 |
|
Dec-2012 |
82 |
|
Jan-2013 |
10 |
|
Mar-2013 |
72 |
|
Jun-2013 |
80 |
|
Sep-2013 |
70 |
|
TOTAL |
415 |