![]() ![]() ![]() ![]() "BNP Paribas is one of the first interrnational banks to access Bloomberg's CFETS service," said Julien Martin, Deputy Head of Fixed Income, BNP Paribas China. "Onshore corporations and investors will benefit from real-time executable rates, while offshore players who are invested in China will have better visibility when hedging against movements of the renminbi."Īccording to CFETS' publication ChinaMoney, with renminbi cross-border inflows and outflows intensifying in 2012, development of the offshore renminbi market will drive domestic financial market reform, and aid in a fair and transparent price discovery process for renminbi foreign exchange rates. "The provision of real-time China interbank FX rates to international investors is yet another step in the right direction," said Sam Phoen, head of global markets, ANZ bank (China). Combined with Bloomberg's FX suite, market participants can connect to global counterparties and liquidity, and access Bloomberg's global FX trading community. The CFETS data service also features the best renminbi spot prices from participating banks, historical trade sizes, and eight other renminbi currency pairs. Global currency traders, corporate treasurers and institutional investors can now view executable quotes and trades on the interbank dollar-yuan spot, swap and forward markets. "Given the rapid internationalisation of the Chinese Yuan, this data is imperative to global markets as it provides our clients greater transparency for smarter and more timely trading, hedging and investment decisions." "The addition of the CFETS data gives investors insights into real-time tick-by-tick movement, volumes and market participant information in China's onshore interbank market," said Tod Van Name, Bloomberg's Global Head of FX, Economics and Commodities. This service captures currency trading activity among banks and financial institutions in China, and is provided through the China Foreign Exchange Trade System (CFETS), the official interbank trading and foreign exchange (FX) division of China's central bank. ![]()
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