Thomson Reuters is launching a real-time interbank foreign exchange (FX) data for the onshore and offshore renminbi market. Through Thomson Reuters Eikon service, investors can now use integrated real-time FX data from the China Foreign Exchange Trade System (CFETS), the official interbank trading and FX division of China's central bank.

As of this month, financial professionals can easily track the renminbi FX market with simple access to real-time tick by tick prices, trade volume data as well as market contributor content from CFETS. This information offers currency traders, analysts and institutional investors the ability to make timely trading and investment decisions with an up-to-the second understanding of renminbi exchange rate movements.

The launch of this service allows investors to receive renminbi FX spot, forward and swap prices, historical trade volumes, as well as foreign-currency pairs data through a Thomson Reuters Eikon interface customized to a user's workflow. In addition, financial professionals can use the same platform to connect to global counterparties and liquidity in addition to accessing Thomson Reuters global FX community – one of the largest and most active in China. More than 2,000 FX professionals in China currently use Thomson Reuters FX multi-media forum for online live chat and real-time market news.

Renminbi FX trading conditions in China continue to be resilient against a background of strong economic growth. The continued strong domestic demand and a mild global economic upturn means that China's economy is expected to grow 8.4% in 2013, according to the World Bank. This growth is expected to strengthen China's already growing FX market.