Icap completes first cross-region CNH trade on EBS

The unit is traded as CNH on the platform.

“The Bank of China is proud to have transacted the first cross-border CNH deal in London through EBS, as it looks to develop its range of China-related products,” said Bob Hyman at Bank of China, in London.

“EBS is delighted to have facilitated this London-Hong Kong CNH trade,” said Jeff Ward, head of Icap Electronic Broking in Asia. “It confirms the growing interest cross regionally in CNH, an interest that we expect to see grow over the coming months

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