{"id":428,"date":"2023-04-06T08:31:29","date_gmt":"2023-04-06T05:31:29","guid":{"rendered":"https:\/\/invest24world.com\/?p=428"},"modified":"2023-04-06T08:31:29","modified_gmt":"2023-04-06T05:31:29","slug":"cme-debuts-offshore-yuan-options-to-tap-rising-trading-demand","status":"publish","type":"post","link":"https:\/\/22-preview.freshtone.ru\/es\/cme-debuts-offshore-yuan-options-to-tap-rising-trading-demand\/","title":{"rendered":"CME debuts offshore yuan options to tap rising trading demand"},"content":{"rendered":"

Chicago’s CME Group opened options trading for\u00a0Chinese yuan<\/a><\/span>\u00a0futures on Monday, as it looks to deepen a market that investors use for betting or hedging against moves in China’s currency.<\/p>\n

Hong Kong has offered similar exchange-traded options since 2017, though bringing the product to CME – the world’s biggest derivatives exchange – may be a step toward competing with the banks that dominate options by selling directly to customers.<\/p>\n

“Many traders no longer view CNH as an emerging market currency like it was ten years ago,” said Chris Povey, CME Group’s (NASDAQ:CME<\/a><\/span>) executive director of FX products based in London, referring to the ticker symbol for the offshore-traded Chinese yuan.<\/p>\n

Povey said customers from investment institutions to small time traders were interested in exchange-traded yuan products.<\/p>\n

A futures contract is a financial contract where parties agree to a transaction at a fixed price in the future. An option affords its buyer the opportunity to buy or sell an underlying asset, in this case a futures contract, at a fixed price in the future.<\/p>\n

Exchange-traded options offer a way to bet on the yuan’s direction without dealing directly with banks, which write options and sell them over-the-counter to customers in far larger volumes than those settled on global exchanges.<\/p>\n

“We hope to see liquidity develop there that’s comparable to the over-the-counter market,” said Tim Brooks, London-based head of FX options at Optiver, which will deal in the new CME derivatives.<\/p>\n

The CME options have a range of expiry dates from weekly, to monthly or a year and are based on futures contracts with a notional amount of $100,000.<\/p>\n

CME is a much smaller yuan-trading hub than Hong Kong. Some who trade both over-the-counter and exchange-based options say it may take time for volume to pickup.<\/p>\n

“Trading volume of FX contracts remains a struggle for many exchanges, which are largely dominated by retail traders and very few large banks participate as market maker,” said Mukesh Dave, chief investment officer at Aravali Asset Management, a Singapore-based hedge fund.<\/p>\n

As of the end of March, open interest in April CNH futures on the CME totalled $49.3 million, compared to $448.9 million traded on the Hong Kong Exchanges & Clearing, data from the two exchanges show.<\/p>\n

Source: https:\/\/www.investing.com\/news\/economy\/cme-debuts-offshore-yuan-options-to-tap-rising-trading-demand-3047163<\/p>\n","protected":false},"excerpt":{"rendered":"

Chicago’s CME Group opened options trading for\u00a0Chinese yuan\u00a0futures on Monday, as it looks to deepen a market that investors use for betting or hedging against moves in China’s currency. Hong Kong has offered similar exchange-traded options since 2017, though bringing the product to CME – the world’s biggest derivatives exchange – may be a step […]<\/p>\n","protected":false},"author":1,"featured_media":429,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-428","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","wpautop"],"translation":{"provider":"WPGlobus","version":"2.10.10","language":"es","enabled_languages":["en","nl","es","sv","fr"],"languages":{"en":{"title":true,"content":true,"excerpt":false},"nl":{"title":false,"content":false,"excerpt":false},"es":{"title":false,"content":false,"excerpt":false},"sv":{"title":false,"content":false,"excerpt":false},"fr":{"title":false,"content":false,"excerpt":false}}},"yoast_head":"\r\nCME debuts offshore yuan options to tap rising trading demand - 24 World<\/title>\r\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<meta property=\"og:locale\" content=\"es_ES\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"CME debuts offshore yuan options to tap rising trading demand - 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