CFH Expands Bullion Offering, Targets APAC Region, UAE & Turkey

CFH, a liquidity provider, has recently announced that it has expanded its Bullion offering to cover a list of synthetic instruments based on the underlying Loco London gold offering.

The expansion of its product offering caters to the market needs in Australia, Singapore, China, Hong Kong, UAE and Turkey. The expansion will allow its clients to hedge gold positions quoted in different weight units and local currencies.

In particular, CFH has expanded its offering to cater to the growing requirement from bullion traders who receive gold trades from end clients denominated in grams or taels, the company said in its statement.

With the expansion, CFH will now offer Gold in teal against the Hong Kong dollar (HKD), gold in grams against the United States dollar (USD) and Gold in grams against Chinese Yuan Renminbi (CNH).

Commenting on the launch, Alex Yap, Senior Institutional at CFH said in the statement: “East meets West” can give a whole new meaning to bullion trading. Spot gold in gram and Hong Kong tael quoted in US dollar and local currencies is another CFH product innovation.”

Furthermore the new product offering from CFH, a subsidiary of Playtech plc, has been developed for clients who trade gold denominated in different currency and unit such as RMB Kilobar. This is frequently trading in the Shanghai Gold Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term.

“This addition to our bullion offering further establishes CFH as a leader in the prime brokerage and Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term space that is able to recognise a client needs and has the agility to react, innovate and implement in a very short time frame,” added Alex MacKinnon, CEO APAC in the statement.

CFH continues to expand in APAC region

This recent announcement comes at the same time that CFH has been actively expanding its reach in the Asia Pacific region. As Finance Magnates reported, the company launched its brand in Sydney Australia back in May, which is locally regulated through its parent Tradetech Group under the Australian Securities and Investments Commission (ASIC).

Furthermore, the company expanded its footprint in Singapore and the APAC region with the launch of an office regulated by the Monetary Authority of Singapore (MAS) in March.