Nomura's China-10 or C10Live is a basket of ten currencies with strong trade connections to China. C10Live captures the strength and long-term structural changes of China's economy through its trading partner currencies. C10Live offers traders an alternative to the China NDF trade.
A bid/offer price for C10Live is displayed on NomuraLive. On execution the trader is filled in the 10 underlying forward or NDF contracts of the currencies comprising the basket, versus the US dollar.
Trading China’s Growth: Nomura’s C10 now available on NomuraLive
In recent years more and more clients are asking us for investment strategies to trade China’s strong growth cycle. Nomura’s C10 index, which was launched to clients in June 2010, was created with this in mind. The C10 Index selects from a universe of 24 liquid currencies the ten countries with the largest ratio of exports to China as a percent of GDP. Simply put, rather than buying China you buy the countries that sell to China.
Key Features of C10Live
- One click on NomuraLive executes all 10 trades simultaneously.
- Simple post-trade process: all trades are either forwards or NDFs, settling via existing channels.
- Trades easily tracked via NomuraLive trade blotter, showing both C10Live and underlying trades.
- Attractive spreads, comparable to 1 year USDCNY non-deliverable forward.
- Intra-day liquidity on NomuraLive.