CEINEX to launch in November

FOW reported on Tuesday that the China Europe Exchange (CEINEX) will launch somewhere next month. The new exchange is a joint venture between Deutsche Boerse, the Shanhai Stock exchange and the China Financial Futures Exchange.

Deutsche Boerse Xetra members can easily access the new exchange as it uses the Deutsche Boerse trading and clearing infra-structure. As the exchange will use the Renmimbi as the underlying currency, the only requirement is that the infra-structure of the member has to be able to support the currency.

The exchange starts with ETF contracts on Chinese corporations, some bond products and possible some A-shares. Futures and options are possible planned for the second phase of the joint venture.

For more information: DEUTSCHE BOERSE / FOW or watch this domain for further developments.