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.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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