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 Borse-LSE Merger in Focus

    Archax is the UK’s first regulated digital securities exchange.

  2. SIP Speeding Up

    These are the lowest latency market data services between Illinois’ largest futures exchanges and Asia.

  3. This project includes market data for BIST’s equities, futures and options markets.

  4. Basel Committee Consults on Interest-Rate Risk

    CME reported that open interest in SOFR options also reached a record.

  5. Trading volume fell 30% and transaction revenue dropped 35% sequentially.