On February 18th 2009, the China Foreign Exchange Trade System (CFETS) issued a series of awards for market-makers, members and traders in China’s interbank FX markets in 2008. BNP Paribas (China) Limited was honoured to be named:
- No. 1 most-improved member by turnover
- No. 1 member with most market-making potential by turnover
- No. 8 member in derivatives trading by turnover
In addition, a member of the IRFX local market team in Shanghai was named one of the outstanding interbank FX market traders of 2008.
CFETS is a sub-institution of the PBOC in charge of developing China’s electronic trading platform for FX, money market, bonds, exchange rate and interest rate derivatives. These awards reflect BNP Paribas’ growing profile in foreign exchange trading in China’s onshore markets.