Tuesday, 25 June 2024

ICBC — Best Financial Derivatives Provider in China

5 min read

By The Asian Banker

ICBC, a major player in China’s interbank foreign exchange derivatives and Renminbi interest rate trading markets, exceeded $3 trillion in derivatives trading and $600 billion in foreign currency-pair trading in 2023. Additionally, it facilitated nearly $700 billion in foreign exchange derivatives for customers, showcasing its pivotal role in the international market. Moreover, the bank innovated a proprietary quantitative market-making trading system, bolstering its strategic capabilities in quoting, execution, risk control, and analytics. 

For its continuous growth and efficiency, the award for Best Financial Derivatives Provider in China goes to Industrial and Commercial Bank of China (ICBC).

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