Its core functions include: providing trading, information, benchmark and training facilities to the interbank lending, bond and FX markets, monitoring market transactions, providing services for the operation foreign currency trading wiki transmission of the central bank’s monetary policies, and engaging in other businesses authorized by the PBC. Approved by the authorities, foreign currency trading was formally introduced to the interbank foreign exchange market in China on May 18, 2005. The CFETS said in May 2008 that it would launch trading centers for exchange rate swaps, currency swaps and forwards, focusing on the development of both the cash and derivatives products. CFETS plays a significant role in safeguarding RMB exchange rate stability, transmitting central bank monetary policies, serving financial institutions and supervising market operations.
In December 2017, CFETS and NEX Group partnered to launch phase one of a new trading platform for the Chinese foreign exchange market. April 1994 – The CFETS was established according to the strategic plan of the People’s Bank of China and State Administration of Foreign Exchange, implemented “multiple technological means and trading patterns to meet market demands of various levels. June 30, 2003 – the paper quotation system was introduced through www. CFETS is headquartered in Shanghai, with a backup center in Beijing and sub-centers in Guangzhou, Shenzhen, Tianjin, Jinan, Dalian, Nanjing, Xiamen, Qingdao, Wuhan, Chongqing, Chengdu, Zhuhai, Shantou, Fuzhou, Ningbo, Xi’an, Shenyang, and Haikou.
Cicada Signs China Foreign Exchange Trade System. CFETS launches platform for FX trading in China. This page was last modified on 8 March 2018, at 10:38. This page has been accessed 62,597 times.