Cost and tight regulation slow CNY derivatives growth, says CFFEX

China onshore forex derivatives market a fraction the size of its EM peers


A combination of high trading costs in Shanghai and a conservative regulatory climate are slowing down a much-needed expansion of the onshore (CNY) currency derivative market, according to a senior official of the China Financial Futures Exchange (CFFEX).

Junjun Zhu, senior manager in CFFEX's foreign exchange derivatives department, said that while China has been liberalising its currency since the 2005 float of the renminbi against the dollar – within a certain range – the forex derivative

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Stemming the tide of rising FX settlement risk

As the trading of emerging markets currencies gathers pace and broader uncertainty sweeps across financial markets, CLS is exploring alternative services designed to mitigate settlement risk for the FX market

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