Barclays Capital will add new products to its offshore renminbi foreign-exchange product range, The Wall Street Journal reports. The products include offshore renminbi deliverable spot, forwards and swaps against G10 and Asian currencies.
The bank will now allow clients to trade the currency online through its electronic trading platform, BARX. The extended product capability will offer clients offshore yuan trading with the same speed, pricing and level of service as other currencies available on its platform.
Click here for the story from The Wall Street Journal.