Deutsche and Barclays sweep into CNH derivatives

Renminbi - China's currency

Deutsche Bank has launched offshore renminbi (CNH) swaps and forwards on its electronic foreign exchange trading platform, Autobahn FX, as the rush into the new currency gathers pace. In recent weeks a number of FX market participants have launched new CNH products to answer increasing investor appetite for the currency.

Deutsche began trading FX swaps and forwards out to one, three and 12 months in CNH on April 11, following the launch of FX spot in the currency earlier this year. Meanwhile, Ba

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