The Chicago Mercantile Exchange (CME) has named HSBC and Standard Chartered Bank as the first market-makers for futures contracts on the Chinese renminbi against the US dollar, euro and yen, which started trading on August 28. Meanwhile, CME is also looking at collaborating with three Indian commodities exchanges.
The individual contract size for the three contracts listed by CME is RMB1 million ($125,376), and delivery will be in 13 months plus two quarters. HSBC trades these contracts from
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