China introduces call and put options for FOREX trading

Note: This section contains information in English only.
Source: XINHUANEWS
© Scanpix/AP

On Friday regulators of Chinese foreign exchange told that it had permitted trading of put and call currency options to support investors and traders who want to hedge against currency fluctuations. State Administration of Foreign Exchange said the options will stimulate hedging flexibility and decrease transaction costs for China's firms. Trading of currency options will be allowed starting from December 1.  

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