FXCM Inc. (NYSE:FXCM), a leading online provider of foreign exchange trading, spread betting, Contracts for Difference ("CFDs") and related services, has deployed USD/CNH trading to all clients on all platforms excluding Japan.
FXCM traders around the world will now have the opportunity to trade their opinion on the world’s second-largest economy, and a major influencer in international finance – China. “We are excited to offer the USD/CNH across different platforms as this will allow clients to take advantage of growing international markets,” said Drew Niv, CEO of FXCM. “FXCM is continuously working to diversify its product offering to the global trading community.”
CNH is an offshore version of the RMB introduced by the Hong Kong Monetary Authority and People’s Bank of China which allows investors outside of mainland China to gain exposure to the RMB. Clients will be able to trade the USD/CNH, alongside other major FX pairs in the US, European, Asian, and Australian markets. Traders will also be able to trade the USD/CNH in 1k lot sizes and take advantage of FXCM’s renowned No Dealing Desk Execution on the pair.
© Finextra Research 2015