RBS hits the heights on Cfets

SHANGHAI AND EDINBURGH – Royal Bank of Scotland (RBS) has done the most deals and seen the highest volume on Chinese trading system China foreign currency trading system (Cfets) since its launch. The bank was the most active on Cfets for the first month of the system’s introduction on May 18 (FX Week, May 23).

It had a market share of just under 35% in terms of deals and 40% in terms of volume up to June 17.

RBS is one of 10 market-makers on Cfets, a subsidiary of China’s central bank (the People

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