The future is here for China

Chinese investors gain access to foreign exchange and interest rate futures and options on futures.

By Lara Wozniak

March 13, 2006

Chinese financial institutions and investors are about to gain access to electronic trading of CME foreign exchange FX and interest rate products thanks to an agreement between CME, the world's largest and most diverse financial exchange, and the China Foreign Exchange Trade System National Interbank Funding Center CFETS.

This is a powerful pair up. CFETS is an arm of the People's Bank of China, the country's central bank and is the official market for interest rate and foreign exchange products. CME trades more short-term interest rate futures and options than any other exchange in the world Last year over 559 million interest rate contracts traded at CME with an average daily volume of...

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