China Foreign Exchange Trade System (CFETS) is a sub-institution directly affiliated to the People’s Bank of China.
Under the strategic objective of becoming the leading global trading platform and pricing centre for renminbi and related products, it provides a series of services covering issuance, trade, post-trade processing, information, benchmarking and training services for the interbank FX market.
The first phase of its new trading platform – known as CFETS FX 2017, which replaces the previous version CFETS FX 2009 – went live with a central limit order book (CLOB) platform for spot onshore Chinese renminbi (CNY) in December 2017.
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