Sydney, Australia -- (SBWIRE) -- 10/11/2013 -- Core liquidity markets an established name when it comes to providing Forex and binary options trading now offers trading on the Chinese RMB.
Core liquidity markets an established name when it comes to providing Forex and binary options trading now offers trading on the Chinese RMB. The USD CNY pair is made available and streamed to the MetaTrader 4
system provided by Core Liquidity Markets.
Michael Markarian Managing Partner of Core Liquidity Markets said, "for years we have had ever increasing demand for this product and we are truly excited to finally provide trading on the Chinese RMB for our clients."
The Chinese currency or the Yuan has appreciated over 34% against the US dollar over the past eight years. Many experts anticipate that the Chinese Yuan may become one of the top three global traded currencies by 2015.
The growth in trading volumes should also get a boost as the Yuan becomes fully convertible. Officials in Beijing have been loosening controls for the currency and earlier in this year Australia and China reached an agreement that their currencies could be directly exchangeable. The AUD joins the USD and JPY as the three currencies which are currently fully convertible. There are plans to have Thailand, South Korea, Pakistan and other countries join this list.
To learn more about trading the Chinese RMB please visit www.clmforex.com
The information contained is made available by Core Liquidity Markets Pty Ltd (Core Liquidity Markets) (ACN 164 994 049.) Trading of foreign exchange contracts, contracts for difference, derivatives and other investment products, which are leveraged, can carry a high level of risk. These products may not be suitable for all investors. It is possible to lose more than your initial investment. All funds committed should be risk capital. Past performance is not necessarily indicative of future results. A Product Disclosure Statement (PDS) is available from the company website www.clmforex.com
Press Release Source : AB Newswire