Reuters to build Chinese FX platform

CFETS, which currently operates the country's interbank FX trading system for renminbi trades, plans to use Reuters' technology to provide its 300-plus member banks with a real-time internet-based platform for non-renminbi crosses for the first time. Under the agreement, CFETS will deploy a customised version of Reuters' electronic trading for automated dealing (RET-AD), the vendor's bank-to-customer internet trading platform, at its centre in Shanghai by the second quarter of next year. It