Yuan options trading gathering momentum, experts say

04/24/2013 | Reuters

As China continues to permit the yuan to trade more openly, options business on the currency is increasing, according to foreign exchange experts. "Our Chinese options business ... [has] gone from being an insignificant part of our FX derivatives franchise seven or eight years ago to a significant part," said Deutsche Bank's head of foreign exchange, Kevin Rodgers. Although only about $10 billion a day is traded in the currency, volumes have doubled since 2010.

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