Theresa May today announced the launch of R5-SHCH Connect, a new service which links banks in China with London's FX market.
May announced that the service was live whilst in Shanghai, as part of her first visit to China as Prime Minister. R5 was invited to join the delegation of British businesses on the Prime Minister's visit, which includes HSBC, LSE, BP, Standard Chartered and Standard Life Aberdeen.
The R5-SHCH Connect is designed to enable domestic banks in China to access the London FX market. The new service is a partnership between London's R5 and the Shanghai Clearing House, announced by UK Chancellor Philip Hammond in December as part of the 9th UK China Economic Dialogue.
R5 has implemented Kx technology to power R5-SHCH Connect, a new service that links banks in China with London’s FX market.
UK Prime Minister Theresa May announced the launch of R5-SHCH Connect during a state visit to China on February 2.
Kx for Flow is an established eFX trading platform, which combines order management, trade execution, risk management, transaction analytics and alerts management. This provides R5 and its clients with electronic execution and effective risk management with the benefits of being on a centrally cleared platform. Kx for Flow is built upon the kdb+ database platform.