Until now, Singapore has been the only Asian country to have launched DMB last year. It is expected that DMB will be introduced to Hong Kong the coming summer. Cash would implement DMB technology to deliver real-time financial information to its clients.
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It would have been the UK’s first intervention on the currency markets since 1992 when sterling crashed out of the exchange rate mechanism after the government spent pounds 10bn trying to prop it up.
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Join the James Dicks Financial Network’s senior traders as they give a detailed report of the day’s market activity as well as upcoming […]
Until now, Singapore has been the only Asian country to have launched DMB last year. It is expected that DMB will be introduced to Hong Kong the coming summer. Cash would implement DMB technology to deliver real-time financial information to its clients.
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The two firms will work together to develop CLMITS services for China, Taiwan, Hong Kong and Malaysia. Credit Lyonnais will act as the primary market maker for all major forex transactions and to help promote CLMITS in Asia together with Cash on-line.
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The minutes of this month’s Monetary Policy Committee meeting showed the pound dominated its debate over rates. The comments caught the market by surprise and sterling fell against the dollar and the euro.
It would have been the UK’s first intervention on the currency markets since 1992 when sterling […]