FX, Bonds & Equities

Managing Risk, Unlocking Potential

At BANDS, we offer comprehensive electronic and voice trading services across all major exchanges, including CME Group, EUREX, HKEX, ICE, OSE, and SGX. We specialise in efficient cross-border trading solutions and access to the global financial market, catering to the currency hedging needs of arbitragers and physical traders, as well as financial investors and institutions seeking exposure to bond futures or equity portfolio hedging solutions.

FX

Featured Markets

CME | HKEX | ICE | SGX

Featured Products

AUD | BRL | CAD | CHF | CNH | EUR | GBP | INR | JPY | KRW | NZD | SGD | ZAR

Bonds

Featured Markets

CME | EUREX | ICE | OSE | SGX

Featured Products

CONF | Euro-Schatz | Euro-Bund | JGB | T-Note

Equities

Featured Markets

CME | EUREX | HKEX | ICE | OSE | SGX

Featured Products

A50 | DAX | FTSE100 | H50 | HHI | HSI | HTI | MidCap400 | MSCI | NASDAQ | Nikkei | Russel | SP500 | STOXX50

Others

Featured Markets

CBOE

Featured Products

VX | VXM | DXY

Esunny trading screen

Seamless Cross-Border Access

One Account, Global Connectivity

Based in Hong Kong, BANDS offers clients the ability to trade simultaneously in both the Chinese and international markets from a single account. As arbitragers, hedgers or directional traders, our clients are active on all major international exchanges in Asia, Europe and America.

Efficient Trade Execution

Our Esunny trading platform comes with a built-in, fully customisable spreader for simultaneous trade execution in up to four markets at once. Clients can buy copper in China, sell it in London or New York and lock in the USD/CNH rate, all at the same time.

Technology

BANDS offers a wide range of platforms, including Esunny, CQG, and TT. For clients that require custom solutions we also provide API and FIX connectivity, while Esunny supports program trading through its Python integration.

Case Study: Hedging Soybeans in RMB

Background

A Brazilian soybean exporter is targeting the Chinese export market and offers a buyer in China to price the soybeans based on the domestic Dalian Commodity Exchange (DCE) Soybean No.2 (B) contract, which generally targets imported soybeans. While this can make the offer more attractive to the Chinese buyer, it also means the exporter is now exposed to the risk that the price of the Soybean No.2 (B) contract in Dalian may have fallen by the time of delivery.

Trading Soybeans in China

Hedging Process:

  • Sell the Soybean No.2 (B) futures contract on the DCE to lock in the export price.
  • Upon delivery, buy back the futures contract at a lower price if the market price has fallen.
  • The profit from the futures market offsets the lower price received in the physical market.

Managing the Exchange Rate Risk with FX Futures

Exchange Rate Risk:

  • The Chinese futures contract is traded in RMB, while the exporter receives USD.
  • If the RMB weakens relative to the USD, the exporter's hedge is at risk.

Mitigation Strategy:

  • Take a long position in the SGX or HKEX USD/RMB futures contract.
  • Both the price of soybeans and the USD/RMB exchange rate are now locked in.
  • Consider using the CME USD/BRL contract to convert export earnings back into reais at a fixed rate.
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BANDS Staff

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