(1888PressRelease) May 30, 2019 - CGCEX, an ideal trading destination for investors, traders and companies looking to invest, hedge or speculate by tapping into large pools of local, global and institutional investor capital, today announced that it will be expanding its foreign exchange offerings by introducing five ForEx monthly futures contracts. The exchange has been working on these contracts for some time now and it is said to provide the foreign exchange market participants with direct access to the front months of the foreign exchange forward curve. These new contracts will come with the operational benefits and capital of the trading listed futures.
As per the sources, the monthly foreign exchange futures from CGCEX are scheduled for trading next month, and will be listed on CGCEX subject to regulatory review.
The new ForEx monthly futures contracts will be offered on five different currency pairs where the company is already offering quarterly futures. The five currency pairs include – JPY, INR, KWR, SGD, and CNY.
As per the company officials, each currency pair will be provided with three additional monthly contracts which will be listed anytime resulting in 4 successive months of monthly terminations.
Kong Dekang, Head of Global Commodity Capital Markets said that the launch of the new ForEx monthly futures contracts is the response to all those global customers whose feedbacks on trading foreign exchange futures for the capital efficiencies were not commendable. The ForEx marketers are struggling with the requirement of increased granularity in the foreign exchange market to meet their hedging needs. CGCEX is emerging as a primary foreign exchange market and its new platform offers the users to trade foreign exchange in a productive, transparent, and efficient manner.
Other investing firms and organization are also excited with the launch of the new ForEx monthly futures contracts as they will be benefited from more tenure granularity.
About Chengdu Commodity Exchange
CGCEX is the premier exchange in Asia, based in China where it is operating as a market place for trading commodities and futures products. CGCEX is an ideal trading destination for investors, traders and companies looking to invest, hedge or speculate by tapping into large pools of local, global and institutional investor capital. Being one of the Asia’s leading exchange it is renowned because of dealing in an extensive range of products. From corporations to the individual and from the institutions to governmental agencies, the exchange believes that providing a sustainable investment opportunity to their clientele will help in building a healthy market.
What are the new ForEx monthly futures contracts? 
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