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Gerald Segal is a Managing Director at LeapRate, which provides analysis of the Online Forex Trading world. Gerald's reports are a leading source of information on the size, growth and regulation of the Online Forex industry. Prior to founding LeapRate Gerald was an investment banker for 18... More

My company:: LeapRate
My blog:: LeapRate's Forex Industry News

China's Easing Of Currency Trading Rules Boosts Retail FX 0 comments

Apr 16, 2012 11:04 AM | about stocks: AMTD, BAC, BGCP, C, CME, DB, ETFC, FTGI.PK, FX, FXCM, GCAP, GS, HBC, IAPLF.PK, IAPLY.PK, IBKR, IGGRY.PK, JPM, KCG, MS, SWQGF.PK, STT

Firms forced to abandon Chinese clients in 2008 now returning.
The People's Bank of China (or "PBOC"), which acts as China's central bank, announced that as of today (Monday April 16) they will allow the Yuan to trade in a band of +/- 1% per day versus the US Dollar. That is double the old band of +/- 0.5%.
As the PBOC has slowly opened things up, more and more retail Forex firms such as Gain Capital are returning to China (or targeting it for the first time), mainly via Chinese language marketing (in media outside China) and via IB relationships. And these efforts are showing results.
For more details see LeapRate's Forex Industry News at leaprate.com.
(click to enlarge)

Themes: China FX, Yuan trading Stocks: AMTD, BAC, BGCP, C, CME, DB, ETFC, FTGI.PK, FX, FXCM, GCAP, GS, HBC, IAPLF.PK, IAPLY.PK, IBKR, IGGRY.PK, JPM, KCG, MS, SWQGF.PK, STT

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China's Easing Of Currency Trading Rules Boosts Retail FX 0 comments

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