CFET

AcronymDefinition
CFETCross Fade Enter Tainment (record label; Germany)
CFETCentrifuge-Based Flight Environment Trainer
CFETCentre de Formation et d’Encadrement Technique
CFETCertificat de Fin d'Etudes Théâtrales (French)
CFETCanadians for Fair and Equitable Taxation
CFETCareer Field Entry Training
References in periodicals archive ?
Under the MOU, both the United States and China have welcomed CME Group and CFETS working closely together in exploring opportunities and promoting each other's market infrastructure and products through cooperation programs, and facilitating the development of both countries' markets.
Major parties involved in the FX market are: (a) the CFETS which functions as the trading platform for the inter-bank market and is responsible for clearing the market and providing the supervisory authorities with market information; (b) the PBOC and the SAFE as regulatory authorities: the PBOC authorised SAFE to regulate the inter-bank spot and forward markets and regulate the retail market through the SAFE; (c) designated FX banks and other non-bank financial institutions and non-financial enterprises authorised by the SAFE to engage in foreign exchange business; (20) (d) enterprises that earn and spend FX; (21) and (e) individuals who have FX trading needs.
The addition of the CFETS data gives investors insights into real-time tick-by-tick movement, volumes and market participant information in China's onshore interbank market," said Tod Van Name, Bloomberg's Global Head of FX, Economics and Commodities.
The release of the CFETS RMB index is a signal to the market that the central bank still considers the yuan as overvalued.
To support the evolution of the Chinese foreign exchange market, CFETS chose Reuters to develop its new foreign exchange trading system, following an international tender.
CFETS is yet to issue final rules, including the size of the trading band, or a date for the launch, they added.
Reuters new generation of trading products -- which include Reuters Trading for Foreign Exchange, Reuters Trading for Fixed Income, CME FX on Reuters, CFETS multi-bank portal and the recently launched Reuters Trade Notification Service -- are all based on the proven platform.
Citing an unnamed source, the report said that CFETS will calculate each bank's daily value of the net position in the new system, and will simplify the daily settlement process for each bank.
The bell ceremony took place in the presence of His Excellency Essa Kazim, Governor of Dubai International Financial Centre (DIFC) and Chairman of Dubai Financial Market (DFM); Shen Jun, General Manager CFETS FX Market Department; Xu Lei, Chief Dealer, ICBC Head Office Global Market Department; and Zhou Xiaodong, General Manager of ICBC Dubai (DIFC) Branch; Abdul Wahed Al Fahim, Chairman of Nasdaq Dubai; and Hamed Ali, Chief Executive of Nasdaq Dubai.
Reuters new generation of trading products which include -- Reuters Trading for FX, Reuters Trading for Fixed Income, CME FX on Reuters, CFETS multibank portal and the recently launched Reuters Trade Notification Service -- are all based on the proven platform.
However, by contrast with currencies of developed economies and other emerging economies, RMB depreciates less and CFETS RMB index actually appreciates.
CFETS member banks will benefit from a real-time, leased line-based foreign exchange multi-bank portal, thereby facilitating the growth of FX trading in China.