R5FX and SHCH launch cross-trading connection

R5FX is launching a cross-trading connection with Shanghai Clearing House (SHCH), which will allow local Chinese banks to trade FX offshore for the first time.

First Published by e-Forex News: December, 2017

Jon Vollemaere
Jon Vollemaere

R5FX is launching a cross-trading connection with Shanghai Clearing House (SHCH), which will allow local Chinese banks to trade FX offshore for the first time. “This partnership is all about connecting Chinese banks with the London FX market and giving them equal access to deep liquidity,” says Jon Vollemaere, CEO and founder of R5. “Connect opens up the London FX market to Chinese banks and our central credit and clearing model means they can trade with an expanded group of counterparties and trade on the best prices.”