Anyone has traded the CME Chinese RMB Futures?

General discussions about futures.
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Anyone has traded the CME Chinese RMB Futures?

Post by TrendsCatcher » Wed Apr 23, 2008 5:12 pm

Anyone here has traded the Chinese RMB futures? The Chinese currency (RMB) is appreciating steadily, I am thinking of going long the RMB futures, but the liquidity of these contracts bother me a great deal, the move of the underlying might not be able to cover the bid/ask spread. Anybody here has any experience/thoughts?

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Post by DMFord » Thu Apr 24, 2008 2:58 am

Looked at these a while back.
Zero volume.
Broker advised against it.

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Post by zacharyoxman » Thu Apr 24, 2008 8:38 am

I've looked at this market a few times over the years. I've never found (surprisingly) any volume behind the market at all.

Today, for example, the market has a whopping 6 lots traded with open interest of 1159 (in the June contract).....
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Trading Renminbi

Post by javier » Tue Sep 30, 2008 10:03 pm

The easy way to trade this market is to do an EFP (Exchange for physical). Then you can buy 10,100 or more contracts without moving the price from the exchange.

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