05.26.2016

Thomson Reuters Teams up with HKEX for RMB Index Series

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. July 4 week may not be so slow after all.

    Nearly a dozen retail brokers have joined to evaluate how market infrastructure and rules should evolve.

  2. The exchange's Bitcoin ETN future is most likely not going to be its last.

  3. Fixed Income Liquidity to Become More Centralized

    Clients will have the ability to interact with a larger liquidity pool while minimizing market impact.

  4. The exchange's derivatives segment will close for trading on Friday 28 January 2022.

  5. Exchange group aims to support new markets for digital assets, cryptocurrencies and NFTs.