ICAP and Wind Info to host Chinese renminbi conference in Qingdao, China

26 November 2015

Hong Kong, 26 November 2015 – ICAP plc (IAP.L), a leading markets operator and provider of post trade risk mitigation and information services, announces that ICAP Information Services (IIS) and Wind Information Co., Ltd (Wind Info), a leading provider of financial data, will jointly host a conference on the opportunities and prospects of China’s offshore renminbi market (CNH) on Friday, 27 November 2015, in Qingdao, China.

Chief Information Officers, institutional investors, regulators and economists will gather at the Westin Qingdao, to discuss the latest development of CNH and the opportunities created from the fast growing internationalisation of the renminbi. The conference will also discuss China’s Central Bank’s plan to setup a direct exchange-trading mechanism between renminbi and Korean won, as well as the benefits to enterprises in both countries.

Mr. Yan Lei, senior Vice President of Wind Info, said: “China’s central bank devalued the renminbi in August which caused significant market volatility and decline in foreign reserves. The first major devaluation since 1994 surprised global investors and raised their interest in the development of the fast growing offshore renminbi market. I look forward to this conference where key industry players will share their insights on the opportunities, challenges and future of the renminbi.”

Benny Luk, Regional CEO, North Asia, ICAP said: “China has been stepping up its effort in positioning the renminbi as a global currency. With the possibility of renminbi’s inclusion into the IMF’s Special Drawing Rights (SDR) basket, we believe that this is a timely conference. As a leading interdealer broker in the CNH market, ICAP is well placed to provide meaningful and useful insight and information to our clients.”

In January 2015, ICAP and Wind Info entered into a partnership to provide CNH and US Treasury data to the Chinese market. Through the cooperation, Wind Info’s clients which include securities, fund management, investment and insurance companies, banks, financial research institutions and regulatory committees, have access to offshore market data. At the same time, clients of ICAP can access USD/CNH Fwd, USD/CNH Spot, USD/CNY NDF, US Treasury end of day data via Wind Financial Terminals (WFT), 24 hours a day, seven days a week.

IIS is the market data & price information division of ICAP Group and delivers independent OTC data solutions to financial professionals. With over 400 million updates per day and constant advances in product complexity, ICAP’s data is the intelligence behind algorithmic trading, research models, risk and compliance applications and portfolio pricing and management.

About ICAP

ICAP is a leading markets operator and provider of post trade risk mitigation and information services. The Group matches buyers and sellers in the wholesale markets in interest rates, credit, commodities, FX, emerging markets and equity derivatives through voice and electronic networks. Through our post trade risk and information services we help our customers manage and mitigate risks in their portfolios. For more information go to www.icap.com.

About Wind Info

As the market leader in China’s financial information services industry, Wind Info is dedicated to providing accurate and real-time information, as well as sophisticated communication platforms for financial professionals. In China, we serve more than 90% of financial institutions including hedge funds, asset management firms, securities companies, insurance companies, banks, research institutions, and regulatory bodies. Overseas, Wind Info serves 70% of Qualified Foreign Institutional Investors (QFII). Hailed both at home and abroad as the premier provider of Chinese financial information, the company’s data are frequently quoted by Chinese and international media, in research reports, and in academic papers.

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