Strong start for Chinese interbank trading platform
TECHNOLOGY NEWS
"Cfets has had a very successful launch," said Eddie Tan, Citigroup's head of emerging markets sales and trading for Hong Kong and China. He said daily volumes in the first 20 days of trading had ranged between $50 million and $100 million.
"The system has been running very well," concurred an FX trader at ING in Hong Kong. "For a system as young as Cfets, we have seen good volumes."
Volumes have risen solidly since launch on May 18 – over $852 million were traded from May 18 to 31, according to
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