HKEx and Thomson Reuters team up on launch of co-branded RMB indexes.
A joint announcement has just been made by Thomson Reuters and Hong Kong Exchanges and Clearing Limited (HKEX) regarding the launch of a suite of indexes today, as per an official statement regarding the co-branded synergy.
The four new indexes under the Thomson Reuters-HKEX Renminbi Currency Index Series include three variants and a primary index based on the CNH - which is China’s offshore currency also known as the renminbi (RMB).
We see great opportunities in fixed income and currency for Hong Kong and HKEX as RMB continues to become more international.
The new world of Online Trading,fintech and marketing – register now – for the Finance Magnates Tel Aviv Conference, June 29th 2016.
Four new RMB indexes
The new series of RMB indices from HKEX and Thomson Reuters help measure the intraday performance of the RMB relative to a basket of key currencies, and via the use of a rules-based methodology for indexing.
An excerpt below from the joint-announcement shows the 4 new indices and various related currencies in each basket.
Co-branded products
By measuring the performance of the RMB against a basket of currencies, market participants can gauge intraday movements from a broader perspective, and with the index calculations based on hourly rates from WM/Reuters.
HKEX Chief Executive Charles Li commented in a statement regarding the launch: "This co-branded index series is another important addition to our infrastructure for RMB products. As Chinese capital goes global over the next 30 years and more international equities and commodities are priced in RMB, our RMB indices will become a useful basis for products to help investors manage currency risk.”
"We see great opportunities in fixed income and currency for Hong Kong and HKEX as RMB continues to become more international. We continue to strengthen HKEX's leadership in introducing RMB products for the offshore market and develop Hong Kong as the global asset pricing centre for China," he added.
Currency basket structure
The weighting of each currency within the basket is based on volume calculations between the issuing of Mainland China’s currency versus other key currencies, using public data from the Hong Kong Census and Statistics Department and UN Comtrade.
Stephan Flagel, Global Head of Indices at Thomson Reuters, added in a statement: "We are delighted to further strengthen our commitment to the region, to the FX market and robust benchmarking with the launch of our co-branded RMB index series with our longstanding partner HKEX."
Mr. Flagel further opined regarding the prospects for the RMB currency: "In view of China’s internationalisation and RMB's increasing presence as a global trading currency, it is a great opportunity for us to partner with HKEX to provide a series of indices that will use global standards to help market participants make better-informed investment decisions and manage risks.
At a time when Chinese currency movements and market Volatility are frequently observed, it makes sense for two trusted and independent names to launch these indices to capitalise on the significance of RMB's internationalisation," he concluded.
A joint announcement has just been made by Thomson Reuters and Hong Kong Exchanges and Clearing Limited (HKEX) regarding the launch of a suite of indexes today, as per an official statement regarding the co-branded synergy.
The four new indexes under the Thomson Reuters-HKEX Renminbi Currency Index Series include three variants and a primary index based on the CNH - which is China’s offshore currency also known as the renminbi (RMB).
We see great opportunities in fixed income and currency for Hong Kong and HKEX as RMB continues to become more international.
The new world of Online Trading,fintech and marketing – register now – for the Finance Magnates Tel Aviv Conference, June 29th 2016.
Four new RMB indexes
The new series of RMB indices from HKEX and Thomson Reuters help measure the intraday performance of the RMB relative to a basket of key currencies, and via the use of a rules-based methodology for indexing.
An excerpt below from the joint-announcement shows the 4 new indices and various related currencies in each basket.
Co-branded products
By measuring the performance of the RMB against a basket of currencies, market participants can gauge intraday movements from a broader perspective, and with the index calculations based on hourly rates from WM/Reuters.
HKEX Chief Executive Charles Li commented in a statement regarding the launch: "This co-branded index series is another important addition to our infrastructure for RMB products. As Chinese capital goes global over the next 30 years and more international equities and commodities are priced in RMB, our RMB indices will become a useful basis for products to help investors manage currency risk.”
"We see great opportunities in fixed income and currency for Hong Kong and HKEX as RMB continues to become more international. We continue to strengthen HKEX's leadership in introducing RMB products for the offshore market and develop Hong Kong as the global asset pricing centre for China," he added.
Currency basket structure
The weighting of each currency within the basket is based on volume calculations between the issuing of Mainland China’s currency versus other key currencies, using public data from the Hong Kong Census and Statistics Department and UN Comtrade.
Stephan Flagel, Global Head of Indices at Thomson Reuters, added in a statement: "We are delighted to further strengthen our commitment to the region, to the FX market and robust benchmarking with the launch of our co-branded RMB index series with our longstanding partner HKEX."
Mr. Flagel further opined regarding the prospects for the RMB currency: "In view of China’s internationalisation and RMB's increasing presence as a global trading currency, it is a great opportunity for us to partner with HKEX to provide a series of indices that will use global standards to help market participants make better-informed investment decisions and manage risks.
At a time when Chinese currency movements and market Volatility are frequently observed, it makes sense for two trusted and independent names to launch these indices to capitalise on the significance of RMB's internationalisation," he concluded.
Institutional FX Demand Continues to Climb in April
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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