Anyone has traded the CME Chinese RMB Futures?
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- Roundtable Fellow
- Posts: 97
- Joined: Thu Jan 10, 2008 3:28 pm
- Location: Southern California, USA
Anyone has traded the CME Chinese RMB Futures?
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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- Roundtable Knight
- Posts: 137
- Joined: Thu Sep 23, 2004 11:19 am
- Location: California
Trading Renminbi
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.