Barclays Capital has expanded foreign exchange services for its offshore Renminbi (CNH) product offering with the launch of local trading during London and New York trading hours as well as Asian hours.
With the launch of service, Barclays now also offers CNH foreign exchange options alongside its deliverable spot, forward and swaps offering.
The bank said clients can take advantage of the expanded service to trade CNH against G10 and Asian local currencies via traditional voice methods and online with the its electronic trading platform BARX.
According to the Barclays, the expanded trading hours will provide clients in London and New York with the ability to trade CNH with the same speed, precise pricing and level of service currently enjoyed by clients in Asia.
Barclays Capital head of FX & EM rates distribution, Asia Pacific Mike Hill said Barclays Capital’s commitment to the CNH market will benefit the clients and help expand the overall market. The clients will enjoy better liquidity and execution, where and when they want it.