TAIFEX launched the USD/CNT FX Futures and USD/CNH FX Futures on July 20th.
During the first week, the average daily trading volume reached 6,252 contracts, with 5,221 and 1,031 contracts contributed by the USD/CNT and the USD/CNH FX Futures respectively, outweighing the performance of similar contracts listed in Hong Kong and Singapore.
The highest daily trading volume reached 9,941 contracts in total on July 24th. An increasing trend of open interests is observed, indicating that more and more investors are using the USD/RMB FX Futures to hedge their USD/RMB currency risk. Apparently, the two new USD/RMB FX Futures have successfully gained traction from market participants.