London Mini Futures are new contracts designed to meet the needs of the Asian metals community who want to mitigate or take on price risk using renminbi instead of US dollars.
- Traded and priced in renminbi
- Cash settled against LME 'parent' contracts Official Settlement Price
- Traded on HKEx derivatives platform.
Currency conversion from US dollars to renmibi is calculated using the Hong Kong Treasury Market Association CNH rate, discovered every day at 11.15 (HK time).
For further information please email our Asia commodities team at AsiaCommodities@hkex.com.hk
The new contracts will provide currency convenience:
Charles Li, HKEx CEO