CFH announces Tier 1 Loco London Liquidity for gold in grams and tael
“This addition to our bullion offering further establishes CFH as a leader in the prime brokerage and Liquidity space that is able to recognise a client needs and has the agility to react, innovate and implement in a very short time frame” – Alex MacKinnon, CEO APAC, CFH
CFH’s Bullion offering now covers a list of synthetic instruments based on the underlying Loco London gold offering to cater to the market needs in Australia, Singapore, China, Hong Kong, UAE and Turkey, providing a convenient way for clients to hedge gold positions quoted in different weight units and local currencies.
To cater for the niche yet growing requirement from bullion traders who receive gold trades from end clients denominated in grams or taels, CFH has added these products to their extensive bullion offering. The following bullion contracts will be available; Gold in teal against Hong Kong dollar, gold in grams against USD and Gold in grams against CNH.
Alex Yap, Senior Institutional executive at CFH says,
“East meets West” can give a whole new meaning to bullion trading. Spot gold in gram and Hong Kong tael quoted in US dollar and local currencies is another CFH product innovation.”
The new product offering from CFH targets clients trading gold denominated in different currency and unit such as RMB Kilobar which is frequently traded in Shanghai Gold Exchange.
Gold traders often require OTC venues to manage their exposure to traditional exchange products that are less flexible
Alex MacKinnon, CEO APAC finishes with,
“This addition to our bullion offering further establishes CFH as a leader in the prime brokerage and Liquidity space that is able to recognise a client needs and has the agility to react, innovate and implement in a very short time frame.”