HSBC builds out offshore renminbi crosses
HSBC has begun streaming executable prices on six new crosses linked to the offshore renminbi (CNH) over its own portal, proprietary application programming interface and primary interdealer platforms, the bank announced today.
This is the first time that rates are being continuously streamed on an interbank platform for direct offshore renminbi (CNH) crosses, other than the USD/CNH trading pair. The additional pairs are EUR/CNH, GBP/CNH, CNH/HKD, SGD/CNH, CAD/CNH and the CNH/MXN.
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