Trading bots converge on yuan as China plugs Into global markets
As China's integration with global financial markets intensifies, some of the most sophisticated electronic traders are stepping up to buy and sell more of the country's currency.
Jump Trading LLC and XTX Markets Ltd say they are boosting volumes in the offshore yuan market as well as Asian non-deliverable forwards, a type of currency derivative. They come from a cohort of computerised trading firms that have grabbed market share from banks in currencies and transformed other assets such as stocks and futures.
Bloomberg
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