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CME Launching Renminbi Futures On August 22
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CME Launching Renminbi Futures On August 22

  #1 (permalink)
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CME Launching Renminbi Futures On August 22

Another Nail In The Dollar's Coffin: CME Launching Renminbi Futures On August 22 | zero hedge

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 Vendor: www.traderwerks.com 
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A way to make non-news sound like news. You can trade the RMB/USD now on Globex.

No one does and the volume is crap. They settle all their accounts in USD , not RMB. So right now, no 'paper' , just speculators and who wants to trade against them all day.

I guess they are just pumping up the hype machine by moving it out of the emerging market category.

Math. A gateway drug to reality.
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traderwerks View Post
A way to make non-news sound like news. You can trade the RMB/USD now on Globex.

No one does and the volume is crap. They settle all their accounts in USD , not RMB. So right now, no 'paper' , just speculators and who wants to trade against them all day.

I guess they are just pumping up the hype machine by moving it out of the emerging market category.

Yeah, your right there's a lot "untradable" pairs on globex because of the volume issue, time will tell if this one will be any different. I suspect this one might fare better than the BRL/USD however.

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