Demand for Taiwan RMB futures puts Hong Kong in the shade

Taifex says the exchange-traded instruments launched this week are a ‘milestone'

Taipei in Taiwan

Taiwan's first renminbi futures contracts have received a warm welcome from investors, with demand driving early trading volumes far beyond the average daily rates in Hong Kong and Singapore.

The development comes after the Taiwan Futures Exchange (Taifex) introduced two new renminbi futures on July 20: USD/CNH, based on interbank and spot market rates in Hong Kong; and USD/CNT, based on equivalent rates in Taiwan, making it the first fully domestic renminbi futures contract.

On the first day of

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: