Posted November 18, 2019 08:37:57 Financial Post Staff WriterRead moreWhat’s next?
The CBE foreign exchange series has gone to the next level in 2018.
The first of the year’s new series, CBE New Zealand’s Foreign Exchange, is expected to be introduced in the coming months.
CBE’s foreign exchange trading in New Zealand has seen record levels over the last year and a half.
It is estimated that there are more than $15 billion in market transactions per annum, an increase of more than 10 per cent from 2017.
The Cbe series is a new series of foreign exchange trades, usually for a one-off price and for a fixed number of days.
Each series is different, with the first series offering fixed pricing and an expected duration of about 10 days.
The second series offers variable pricing, usually between a one and a two-week period.
In 2018, the CBE series increased from four to six weeks.
More than two-thirds of foreign exchanges in New England and Canada trade are with the Cbe foreign currency.
Last year, Cbe offered a one year fixed price and the first year of variable pricing.
All foreign exchange traders should be familiar with the series.
New Zealand foreign exchange trade is also growing.CBE New England’s CBE is expected by the end of 2018 to be the leading foreign exchange in the region, with a market cap of more the $6.5 billion.
While CBE has never been able to fully capture the market in New York, New Zealand continues to enjoy a significant volume of transactions.
A recent report by brokerage firm, Morgan Stanley, projected that CBE would be the second-largest foreign exchange market in the world by 2020.
Other international markets such as the Asian and African markets are expected to see significant growth in 2018 as well.
For more information on foreign exchange markets, visit: Foreign exchange markets New Zealand’s foreign trade is in high demand and CBE sees demand in the range of $14.4 billion.
This is expected for the coming year.
This will increase the size of the foreign currency market in NZ.
As a result, Cabe expects to see a significant increase in trading volumes from the Cabe New Zealand series in 2018, and an increase in volume and the rate of trading.
There is currently no set time for CBE’s new foreign exchange portfolio to launch, although a decision is expected in the first half of 2019.
Follow CBE News