Michael Go, Thomson Reuters
Having been the first Chinese bank to stream spot CNH price during Asian time zone, ICBC (Asia) has announced that it is now the first Chinese bank to initiate a 24 hour price streaming on Thomson Reuters platform FXall via Electronic Trading. The move supports increasing demand from clients of ICBC (Asia) to price CNH across Asia as well as facilitate the development and liquidity of the offshore CNH market.
Michael Go, Head of FX Market Development, Asia Pacific at Thomson Reuters said, "As the leading platform provider for offshore electronic CNH and RMB trading, Thomson Reuters sits at the junction of currencies, commerce and regulation globally. In today's highly fragmented and increasingly scrutinized FX market, Thomson Reuters offers FX solutions that provide transparency, manages trading risk, improves execution efficiency and empowers the financial community."
Jimmy Jim, Head of Global Markets Department at ICBC (Asia) said, "With the great support from Thomson Reuters FX solutions, ICBC (Asia) has been the first Chinese bank to stream spot CNH price during Asian time zone, and now becomes the first Chinese bank to initiate a 24 hour price streaming; and we believe that ICBC (Asia) will continue to play a leading role in the expanding offshore RMB market."