London increases global share of RMB trade


The FT reports London is now the largest RMB trading centre outside of China and Hong Kong.  Overall global RMB trading volumes have grown over 100% this year due to increased deregulation in China and the goal of China’s policy makers to internationalize their currency.

Here is the link –!


Singapore now Asia’s top FX trading hub

A recent Bloomberg article showing Singapore has overtaken Tokyo as Asia’s largest foreign exchange trading center

From Paul Blank’s previous post on BIS Triennial FX Survey

BIS 2013 FX daily Volumes -location-Sing


Caplin Systems lead sponsor at APTAS Conference

Caplin is proud to be the lead sponsor for the Asia Pacific Trading Architecture Summit held at the Regent Hotel in Singapore on June 27.

Patrick Myles, Caplin CTO, will present a white paper titled “HTML in 2013 – Where now?”

Caplin’s booth will feature the latest FX Motif, Bladerunner and Multi-Asset trading solution.

For a complimentary pass, please email me at

We look forward to seeing you there!

Caplin Systems booth at the FIX Protocol APAC Trading Summit in Hong Kong

Caplin Systems were one of the 30+ sponsors at the FIX Protocol trading summit in Hong Kong on May 23.

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Visit Caplin at the FIX Protocol APAC Trading Summit in HK

Caplin will be a sponsor at the FIX Protocol Asia Pacific Trading Summit in Hong Kong on May 23, taking place at the JW Marriott hotel.

We invite conference participants to visit us at our booth and look forward to seeing you there!

Getting along in the regulatory sandbox

A number of foreign government officials signed a letter drafted by Japan’s FSA and delivered to the U.S. Secretary of Treasury regarding cross border OTC derivatives reform.  The letter highlighted evidence of fragmentation in the financial markets due to the lack of regulatory coordination.

It appears the consensus among the foreign officials is local regulations should not be extended beyond national borders.  As well, one sole national regulator should not presume they can set the agenda for a global industry

Perhaps the U.S should consult other global regulators first?    What a novel idea…..

Read the article here –

Dim Sum anyone? – The internationalization of China’s RMB

China has transformed itself into one the world’s largest economies, second only to the U.S.   The development of China’s economy over the past decade and increased global trade have been the main drivers to RMB globalization.  The Renminbi (RMB) is the official currency of China.  Although RMB traded in the spot onshore market and offshore in Hong Kong are the same currency, it has different exchange rates due to different supply and demand conditions.  Separate currency codes have emerged to represent onshore and offshore RMB.  CNY is used to represent onshore RMB within China while CNH is used to represent offshore trading in Hong Kong. Continue reading