A New Player In China’s ForEx
ABN AMRO recently joined China’s foreign exchange trading market through an agreement with the China Foreign Exchange Trade System (CFETS), a subsidiary of the People’s Bank Of China.
As one of the first international firms to enter China’s forex market, ABN AMRO can now provide competitive executable prices to Clients through CFETS, which provides members real-time, Internet-based foreign exchange multi-bank portal using Reuter’s technology. Members can also leave orders, request a price or execute foreign exchange transactions with a single click of a mouse for any of the non-renminbi currency pairs quoted on the portal.
ABN AMRO, proud of making Chinese financial history in cooperating with CFETS, expects foreign exchange trading volumes at CFETS to increase significantly due to the expansion of onshore foreign exchange trading with very transparent prices and liquidity.
The launch of CFETS and ABN AMRO’s entry in China’s foreign exchange trading market are expected to bring in a wider range of currency pairs to be traded in the system and introduce a market making mechanism to China.
Highlights of ABN AMRO Joins Forex Market, Xinhua website
As one of the first international firms to enter China’s forex market, ABN AMRO can now provide competitive executable prices to Clients through CFETS, which provides members real-time, Internet-based foreign exchange multi-bank portal using Reuter’s technology. Members can also leave orders, request a price or execute foreign exchange transactions with a single click of a mouse for any of the non-renminbi currency pairs quoted on the portal.
ABN AMRO, proud of making Chinese financial history in cooperating with CFETS, expects foreign exchange trading volumes at CFETS to increase significantly due to the expansion of onshore foreign exchange trading with very transparent prices and liquidity.
The launch of CFETS and ABN AMRO’s entry in China’s foreign exchange trading market are expected to bring in a wider range of currency pairs to be traded in the system and introduce a market making mechanism to China.
Highlights of ABN AMRO Joins Forex Market, Xinhua website
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