HKEX and Thomson Reuters Sign Agreement To Create New Renminbi Indices
- The new index series will provide benchmarks reflecting the development of the RMB on the world stage.
Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term group Hong Kong Exchanges and Clearing Limited (HKEX) and Thomson Reuters announced today that they have signed an agreement for the creation of a new series of renminbi (RMB) indices.
The partnership will enable the parties to reach a broad community with indices.
The new index series provides benchmarks which reflect the development of the RMB's effective exchange rate against other major currencies. They are designed to be transparent, tradable and compliant with the International Organisation of Securities Commission's principles for financial benchmark governance and administration.
Commenting on the announcement, HKEX Chief Executive Charles Li said: “We are pleased to announce new benchmarks to support the internationalisation of RMB and Hong Kong's position as a key hub for connecting international and Mainland markets and their participants. Our RMB indices will serve as the basis for products to help investors manage currency risk, which will help maintain HKEX's leadership in introducing RMB products for the offshore market."
HKEX became a pioneer in RMB product development when it launched the world's first physically delivered RMB currency futures in September 2012, announcing only yesterday that it had received regulatory approval to offer four new RMB currency futures which are set to go live on May 30th, 2016.
Sanjeev Chatrath, Managing Director, Financial & Risk, Asia Pacific at Thomson Reuters, added: “Thomson Reuters and HKEX have a long-standing partnership which dates back to the formation of HKEX and has delivered a number of industry-leading solutions. We are pleased to further strengthen our relationship through the announcement of our new co-branded RMB index series.”
Thomson Reuters is centrally positioned in the global financial markets as an independent benchmark operator as well as an interbank primary market and dealer-to-client Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term provider for CNH (offshore RMB) transactions.
The partnership will enable the parties to reach a broad community with indices as well as helping market participants understand and capture opportunities that the RMB’s internationalisation presents at a time of increasing significance of RMB on the world stage.
Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term group Hong Kong Exchanges and Clearing Limited (HKEX) and Thomson Reuters announced today that they have signed an agreement for the creation of a new series of renminbi (RMB) indices.
The partnership will enable the parties to reach a broad community with indices.
The new index series provides benchmarks which reflect the development of the RMB's effective exchange rate against other major currencies. They are designed to be transparent, tradable and compliant with the International Organisation of Securities Commission's principles for financial benchmark governance and administration.
Commenting on the announcement, HKEX Chief Executive Charles Li said: “We are pleased to announce new benchmarks to support the internationalisation of RMB and Hong Kong's position as a key hub for connecting international and Mainland markets and their participants. Our RMB indices will serve as the basis for products to help investors manage currency risk, which will help maintain HKEX's leadership in introducing RMB products for the offshore market."
HKEX became a pioneer in RMB product development when it launched the world's first physically delivered RMB currency futures in September 2012, announcing only yesterday that it had received regulatory approval to offer four new RMB currency futures which are set to go live on May 30th, 2016.
Sanjeev Chatrath, Managing Director, Financial & Risk, Asia Pacific at Thomson Reuters, added: “Thomson Reuters and HKEX have a long-standing partnership which dates back to the formation of HKEX and has delivered a number of industry-leading solutions. We are pleased to further strengthen our relationship through the announcement of our new co-branded RMB index series.”
Thomson Reuters is centrally positioned in the global financial markets as an independent benchmark operator as well as an interbank primary market and dealer-to-client Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term provider for CNH (offshore RMB) transactions.
The partnership will enable the parties to reach a broad community with indices as well as helping market participants understand and capture opportunities that the RMB’s internationalisation presents at a time of increasing significance of RMB on the world stage.