China Financial Futures Exchange (CFFEX) will continue to press ahead trading of T-bond futures by commercial banks and insurers to further boost bourse-traded derivatives, reported Xinhua-run cnstock.com citing vice general manager of CFFEX- Chen Han Friday.
According to Chen, CFFEX also intends to launch short-term T-bond futures and interest rate futures at appropriate timing to form an on-bourse interest rate derivatives system that covers short- mid- and long-term products. Chen spoke these on a currency derivatives forum on Friday, after saying CFFEX would speed establishing a foreign exchange futures market. To the end, CFFEX has developed two categories of products including RMB foreign exchange futures such as Euro/RMB futures, Japanese Yen/RMB futures and GBP/RMB futures and cross rate futures such as Euro/USD futures and AUD/USD futures.
So far, CFFEX has experimented trade emulation for RMB foreign exchange futures on it and all-markets trading emulation for cross rate futures. In next step, it hopes to drive foreign trade companies, banks and other institutions to actively participate in various trading emulation of currency futures.
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