This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

CME Group Expands Its Global FX Product Offering With Addition Of Chinese Deliverable Renminbi (CNH)

Stocks in this article: CME

CHICAGO and HONG KONG, Sept. 12, 2012 /PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace and operator of the largest regulated FX market in the world, announced today that it is expanding its overall suite of Chinese Renminbi products to include Deliverable Renminbi (CNH) futures. These products will be launched in the coming months and will be allocated to the IMM (International Monetary Market) Division. CNH futures will be listed on and subject to the rules and regulations of CME.

"The Renminbi market has grown significantly during the past two years, and is highly active both during as well as outside of Asian trading hours. As the Renminbi continues to internationalize, it will become increasingly important to provide global access to these products," said Derek Sammann, CME Group Senior Managing Director, Interest Rates and FX Products. "Leveraging CME Group's leadership position in the global FX markets and through the distribution of CME Globex in more than 85 countries to our diversified client base that includes hedge funds, asset managers, banks and corporate accounts, we are best positioned to further internationalize the offshore Renminbi (CNH) currency."

CNH Futures will expand CME Group's overall Chinese Renminbi product suite that currently includes both cash-settled CNY futures as well as clearing for OTC Non-Deliverable Forward (NDF) products in USD/CNY. Contract specifications for the new CNH futures products include the following:

  • As with the existing standard USD/CNY product, CNH will be available in standard size with tenor out to three years, allowing for more flexible hedging and trading, and in E-micro size with tenor out to 1 year;
  • CNH Physical Delivery will be made in Hong Kong. Investors will be able to trade on both Intra (Calendar) commodity spread of CNH and the Inter commodity spreads between CNH and CNY products; and
  • CME Group plans to dually list CNH and CNY products on both CME and, pending regulatory approval, CME Europe Ltd.

As the world's largest regulated FX marketplace, CME Group offers a full product suite of 56 futures and 31 options contracts reflecting an average daily notional value of US$110 billion in 2012. In addition, the company provides OTC clearing services for 12 OTC Non-Deliverable Forward currency pairs as well as 26 Cash Settled Forwards.

As the world's leading and most diverse derivatives marketplace, CME Group ( www.cmegroup.com) is where the world comes to manage risk.  CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate.  CME Group brings buyers and sellers together through its CME Globex ® electronic trading platform and its trading facilities in New York and Chicago.  CME Group also operates CME Clearing, one of the world's leading central counterparty clearing providers, which offers clearing and settlement services across asset classes for exchange-traded contracts and over-the-counter derivatives transactions. These products and services ensure that businesses everywhere can substantially mitigate counterparty credit risk.

CME Group is a trademark of CME Group Inc. The Globe Logo, CME, Globex and Chicago Mercantile Exchange are trademarks of Chicago Mercantile Exchange Inc.  CBOT and the Chicago Board of Trade are trademarks of the Board of Trade of the City of Chicago, Inc.  NYMEX, New York Mercantile Exchange and ClearPort are registered trademarks of New York Mercantile Exchange, Inc.  COMEX is a trademark of Commodity Exchange, Inc.  All other trademarks are the property of their respective owners. Further information about CME Group (NASDAQ: CME) and its products can be found at www.cmegroup.com.

CME-G

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,078.89 +48.68 0.27%
S&P 500 2,090.30 +8.42 0.40%
NASDAQ 4,800.3320 +26.86 0.56%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs