CFET’s launches new FX trading system

Reuters have announced that China Foreign Exchange Trade System (CFETS) has launched the first internet based multi-bank portal which can trade the Chinese Yuan using Reuters Electronic Trading technology.

First Published: e-Forex Magazine 28 / News / July, 2007

Reuters have announced that China Foreign Exchange Trade System (CFETS) has launched the first internet based multi-bank portal which can trade the Chinese Yuan using Reuters Electronic Trading technology. CFETS offers a wide range of instruments, including spot rates, outright forwards, swaps and currency pairs. CFETS member banks will now be able to access and trade in real-time the Yuan and five global currency pair prices in addition to existing trading in eight major international currency pairs. Banks have a choice of trading mechanisms - one click trading, request for quote or limit orders. Initially there are five currency pairs being offered, the Chinese Yuan against the US Dollar, Japanese Yen, Hong Kong Dollar, Euro, and Sterling. ...continued

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