Nex and CFETS launch renminbi Clob
FX2017 allows anonymous execution on a central pool of liquidity and a public reference point for CNY pricing
Financial technology company Nex has partnered interbank platform and infrastructure provider the China Foreign Exchange Trade System to launch a new renminbi-trading platform called CFETS FX2017 for the Chinese currency market.
CFETS selected Nex in June 2016 to deliver the underlying technology for the new service. The partners launched the first phase of FX2017 on December 4, 2017, with a central limit order book platform for spot onshore Chinese renminbi (CNY).
The Clob facility provides
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