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  1. Business - Money - TRADING

    NYSE Euronext aims to unlock yuan potential

    Posted Mar 22nd 2013, 12:00am by Ray Chan

    ... financial centres will be able to use the cash to bet on derivatives, including currency futures and interest-rate swaps, and clear their trades directly with BOC. "Once Bank of China becomes a general clearing member, launch of [yuan-denominated] products should follow," Hodgkinson said. He declined to give a timeframe for BOC to gain that status, but said progress had been ...

    http://www.scmp.com/business/money/markets-investing/article/1196709/nyse-euronext-aims-unlock-yuan-potential

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