ParFX adds offshore renminbi
The wholesale electronic platform boosts its currency offering
ParFX has announced the addition of the offshore renminbi – the first non-CLS pair – to the basket of tradable currencies available on its platform.
Following extensive testing, USD/CNH went live on September 14, in response to global demand from both ParFX's founder banks and its customer base.
China's efforts to elevate the renminbi's status to that of an international currency have driven trading levels to unprecedented thresholds, with liquidity boosted by investors around the world.
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