05.26.2016

Thomson Reuters Teams up with HKEX for RMB Index Series

05.26.2016

The indices will provide benchmarks and show any developments of the RMB exchange rate against other currencies.

They will also be designed to be transparent and compliant with the International Organisation of Securities Commission’s (IOSCO) rules on benchmark governance and administration.

Following a “longstanding and fruitful relationship”, HKEX’s CEO Charles Li said the partnership “will enable us to reach a broad community with indices that tell the continuing RMB internationalisation story.”

Stephen Flagel, Thomson Reuters’ global head of indices explained that following the increasing presence of the RMB, “it is a great opportunity for us… to provide a series of indices that will use global standards to help our clients understand, analyse and capture the opportunities presented by RMB internationalisation.”

Further details on the indices are expected to be announced next week.

Related articles

  1. Deutsche Börse and LSE Users Voice Concerns

    LSEG MarketPsych Transcript Analytics change corporate transcripts into structured, actionable intelligence.

  2. The gateway is the result of collaboration between the exchange and four data providers.

  3. MarketAxess Promotes Open Trading

    Options are 65% of derivatives volumes in traditional finance, but less than 5% in crypto.

  4. Average daily volume grew 15% with record volume in interest rate, agricultural & metals contracts.

  5. The exchange hit records across asset classes in the second quarter.