Non-deliverable forward
HKEx to launch NDF clearing facility by 2012-end
Hong Kong Exchange and Clearing (HKEx) plans to launch a central clearing facility for the local over-the-counter market, beginning with interest rate derivatives and non-deliverable forwards, by 2012-end.
China: Monetary tightening to increase
Dariusz Kowalczyk, senior economist, Asia ex-Japan, at Crédit Agricole believes the People’s Bank of China is only at the beginning of a scramble to control prices
Tullett Prebon emerges as FX broker powerhouse
Tullett Prebon has eclipsed the competition in the best broker category, coming first in currency options, emerging markets and forwards FX.
China moves on currency
BEIJING - The Chinese yuan fell significantly against the US dollar in Asian trading today, as markets reacted positively to the People’s Bank of China’s plans to disband the US dollar peg.
Yuan debate reignites
Simon Derrick, chief currency markets strategist at BNY Mellon in London, says the November G-20 meeting could be critical as the US and China set out their respective cases for the direction of the Chinese yuan