Deutsche Bank takes offshore renminbi electronic on Autobahn
Deutsche Bank claims to be the first major dealer to offer offshore renminbi on an electronic trading platform, although forex broker EBS says it already offers a hybrid broking service for the offshore Chinese currency. Together, however, the initiatives could help bolster more liquidity for the $600 million daily market.
Deutsche Bank has kicked off offshore Chinese renminbi (CNH) trading on its electronic forex trading platform, Autobahn FX – and claims to be the first bank to have done so electronically. The German bank believes the move will help broaden market access and contribute to greater market liquidity in the nascent underlying, as well as boosting overall market development.
“By getting CNH into the Deutsche network we immediately increase the market to our customer base – this means massive
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